News & Analysis

The bill, which would more than double federal taxes on carried interest, faces an uphill battle in the Senate.

Swedish firm East Capital has bought out joint venture partner Arco Vara’s 50 percent interest in AVEC Asset Management, which manages AVEC Baltic Property Fund and Arco Baltic Real Estate Portfolio with assets of €220m.

The Dallas-based business is in the middle of building a pan-European portfolio of hotels for a fund that has now deployed 50 percent of its capital.

The listed European developer that Denver-based ProLogis floated in 2006 is on its way to delivering on a promise to invest €900 million in ProLogis European Properties fund II (PEPF).

The DLJ spin-out has sold its 100 percent holding in Catamount Energy after purchasing the company for $76m in 2005. Catamount operates a 300-megawatt wind farm in Texas and holds 1,750-megawatts in developmental interests in the UK and US.

Following the appointments of new country managers in Hungary and the Czech Republic, the real estate investment firm has acquired a retail complex in Pilsen, Czech Republic through its Central Europe-focused property fund.

The chairman and co-founder of Equity International is considering selling the landmark headquarters of the Chicago Tribune for a reported $200m after buying the media company last year. The Los Angeles Times headquarters could also be sold by the real estate magnate.

Scott Nuttall, the head of KKR’s financial services group, will also oversee fundraising and broker-dealer activities, while Todd Fisher, co-founder of the firm’s London office, will fill a newly created role of chief administrative officer. Perry Golkin will narrow his investor relations activities.

The summer recess will give time for the government to refine its plans, which critics have said could lead to an industry exodus to more favorable neighboring jurisdictions.

The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.