Zoe Hughes

The Toronto-based real estate investment firm is reportedly in talks with troubled REIT General Growth Properties to help it emerge from bankruptcy as a stand-alone entity.

Lawmakers in the UK have urged the British government to reject European proposals for wide-ranging regulation of the alternative funds universe as they currently stand, especially if there is no comparable legislation in the US.

Lawmakers in the UK have urged the British government to reject European proposals for wide-ranging regulation of the alternative funds universe as they currently stand, especially if there is no comparable legislation in the US.

Giving evidence to the US Senate Banking Committee, ex-Fed Reserve chairman Paul Volcker tells banks to choose between being bank holding companies and housing private equity investment platforms.

Barack Obama wants to clamp down on bank-sponsored private equity funds. It could mark the end for such vehicles in the US. By Zoe Hughes

Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.

Mark Wiseman has been promoted to a newly-created position of executive vice president at the Canadian pension, in charge of real estate, private and public investments. He was previously a senior vice president responsible for private equity and infrastructure investments in the CPPIB portfolio.

A PPIP fund raised by The TCW Group has been withdrawn following the departure of the firm’s chief investment officer Jeffrey Gundlach, which triggered a key-man clause.

The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.

LEM Mezzanine, a mezzanine fund affiliated with Lubert-Adler Real Estate, bought the W Union Square Hotel from the private equity arm of Dubai World in foreclosure for a reported $2m, plus the assumption of debt.