Swiss alternatives manager Partners Group is acquiring heavyweight US real estate advisor Pension Consulting Alliance.
The UK private equity real estate firm is making almost six times its equity investment on the sale of a German property to the real estate firm founded by former Irish tax inspector Derek Quinlan.
The rising public profile of private equity was brought into stark relief earlier this week when Steve Schwarzman, the co-founder of The Blackstone Group, hosted his 60th birthday party in New York City. Sure, LBO moguls have always thrown lavish parties for themselves—Schwarzman’s bash reportedly cost $3 million—but rarely have they received so much press in the international media.
The private investment giant will team with Citigroup and India’s Infrastructure Development Finance Company to raise $5 billion for infrastructure investment in India.
Apollo Management now has the financing in place to launch its £1 billion bid for UK estate agency chain Countrywide.
Broken Angel, a Brooklyn landmark that was built over the past 25 years by an artist couple, is getting new life as condominiums.
The UK-based placement agent has hired Clive Norton as a managing director.
Shorenstein Properties is the latest firm to purchase a piece of the Equity Office Properties portfolio as The Blackstone Group begins to divest the real estate it acquired in the largest private equity deal ever.
Tishman Speyer and Walton Street Capital are acquiring 64 acres of Playa Vista in West Los Angeles for a new office development.
Standard Chartered Private Equity is investing in its third Chinese property developer in under a year.
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