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Global IPO market grinds to halt in Q3
trueDuring the third quarter, the global initial public offering market had its slowest issuance since the first quarter of 2012.
TPG hires partner from Canada pension investment board
trueMark Corbidge was named a partner at TPG, based in London, a company spokeswoman confirmed.
Brazil has opportunities for those up to the challenge, PREA conference speakers say
trueReal estate and logistics investments in Brazil are on Blackstone Group and GIC Real Estate’s shortlist of interesting opportunities, according to speakers at the Pension Real Estate Association’s 25th Annual Institutional Investor Real Estate Conference in San Francisco on ThursdayOct. 1.
Blackstone closes real estate fund at $15.8 billion
trueBlackstone Group announced Thursday the final close of Blackstone Real Estate Partners VIII at $15.8 billion.
China, Southeast Asia-focused RRJ Capital III closes at $4.5 billion
trueRRJ Capital’s third private equity fund, RRJ Capital Master Fund III, has closed at $4.5 billion, said Richard Ong, chairman and CEO of the Hong Kong-based firm, in an e-mail Friday.
Global market cycle pushing Asian real estate investors abroad
trueIt is a period of great change in commercial real estate investments, change that impacts all segments of the industry, and key among these changes is the growing presence of outbound Asian capital in the global marketplace.
Two Sigma recruits Google executive as chief technology officer
trueAlfred Spector joined big-data specialist hedge fund manager Two Sigma as chief technology officer and head of its engineering organization.
HQ Capital forms joint venture with CNL Commercial Real Estate
trueAlternative money manager HQ Capital and real estate services company CNL Commercial Real Estate have formed a joint venture to buy out CNL Financial Group’s stake in CCRE.
Preqin: Private equity fund closings fall by nearly 50% in third quarter
trueThe global private equity fundraising market had a lean third quarter, with the lowest number of fund closings Preqin has ever recorded, the data and intelligence firm said in a report released Thursday.
Leveraged loan defaults tick up in September
trueThe trailing 12-month default rate for leveraged loans ticked up to 1.5% in September (from 1.3% in August), driven by Samson Resources’ bankruptcy last month.
Deimos Capital adds managing director, portfolio manager
trueJames A. Warner III joined multistrategy hedge fund manager Deimos Capital Management as managing director and portfolio manager.
Canada Pension Plan to pour C$1 billion into energy assets in new joint venture
trueCanada Pension Plan Investment Board agreed to invest more than C$1 billion ($756 million) in western Canada energy assets in a joint venture with energy infrastructure developer Wolf Infrastructure, said Dan Madge, CPPIB spokesman.
Louisiana State Employees commits $100 million to buyout funds
trueLouisiana State Employees’ Retirement System made two new commitments to buyout funds totaling $100 million.
Nebraska Investment Council sets $100 million for 2 private equity funds
trueNebraska Investment Council made two new private equity commitments totaling $100 million.
SEC wins in constitutional challenge to administrative law judge process
trueHouston hedge fund manager George Jarkesy Jr. on Tuesday lost his bid to stop an SEC administrative proceeding on constitutional grounds when a federal appeals court dismissed the case.