Real Assets News
Carlyle Group reports 59% jump in Q1 earnings
NEW YORK, May 1 (Reuters) – Carlyle Group said on Wednesday its first quarter distributable earnings jumped nearly 59% year-on-year driven by strong asset sales across its private equity portfolio. Distributable earnings, which represents the cash used to pay dividends to shareholders, rose to $431.3 million compared with $271.6 million a year earlier. That translated […]
KKR’s earnings rise 20% on strong management fees, annuities business
NEW YORK, May 1 (Reuters) – Private equity firm KKR & Co Inc (KKR.N), opens new tab said on Wednesday its first-quarter adjusted net income jumped 20% year-on-year, driven by strong management and transaction fees as well as earnings from its annuities business. KKR’s adjusted net income rose to $863.7 million from $719.3 million a […]
Hotel: Redevco partners Radisson for mixed-use development in Paris (FR)
Redevco’s mixed-use urban project, BPM is designed by Franklin Azzi Architecture. The project covers over 13,000m2 and prioritizes fluidity and environmental excellence. It includes 3,000m2 of retail space on the ground and first floor, 4,000m2 of office space on the second to fourth floors, and a 57-room hotel on the fifth to eighth floors with […]
Planning approved for €1.2b Blackfriars project in London (GB)
A consortium consisting of US and Korean developers has been granted planning permission to construct three towers at the southern end of Blackfriars Bridge in London. The c. €1.2b project, known as 18 Blackfriars, will feature two residential towers of 40 and 22 storeys respectively, as well as an office building reaching 45 storeys and […]
U.S. Solar Developer Pine Gate Raises $650 Million
U.S. utility-scale solar and storage renewable energy developer Pine Gate Renewables announced that it has raised $650, with proceeds supporting its clean energy infrastructure buildout. Founded in 2016, North Carolina-based Pine Gate develops, owns and operates utility scale solar and energy storage projects across the U.S. To date, the company has closed more than $7 […]
Over 90% of alt fund managers using AI for risk and compliance
More than nine in ten (92%) alternative fund managers, including private equity and hedge funds, are already using AI as part of risk and compliance procedures, according to new research from regulation and compliance specialist Ocorian.
Infrastructure and private debt remain popular, says State Street
Infrastructure and private debt will remain the most attractive private market asset classes over the next one to two years, with 71% of institutional investors expecting to increase allocation to each, according to the latest private markets survey by global financial services provider State Street.
Traveloka makes early repayment of $300m Blackrock private credit loan
Travel and ticketing startup Traveloka Indonesia has used internal cash to complete the early repayment of a £300m private credit loan provided by a group of investors including BlackRock and Orion Capital Asia, according to a report by Bloomberg.
Roark completes $9.6bn Subway deal
Roark Capital, a US PE firm focused on leveraged buyout investments across franchise restaurant and food, health and wellness, and business services, has completed its acquisition of Subway in a deal valued at $9.6bn.
abrdn sells European PE business to Patria Investments
Global investment company abrdn has completed the sale of its £7.4bn European-headquartered private equity operation to alternative investment firm Patria Investments for around £100m, with the business set to be renamed Patria Private Equity Trust.
PE fund closings plummet in first quarter
Private equity fund closings fell by 37% in the first three months of the year compared with the same period in 2023, to just 150, the lowest figure seen in any quarter since 2018, according to a report by Pensions & Investments. The report cites the latest private equity update from data provider Preqin in […]
ESG: Von Hanf bis Klimawand – Finalisten der DGNB Sustainability Challenge 2024 stehen fest
Bei der diesjährigen DGNB Sustainability Challenge, dem Innovationswettbewerb der Deutschen Gesellschaft für Nachhaltiges Bauen (DGNB), gab es mit 145 Einreichungen einen Teilnehmerrekord. Aus den Bewerbungen wählte die Jury jeweils drei Finalisten in den Kategorien „Innovation“, „Forschung“ und „Start-up“ aus. Hinzu kommen drei Nominierte für den erstmals vergebenen Sonderpreis „Biodiversität“. Kategorienübergreifend wird es zusätzlich einen Publikumspreis […]
Logistik: Logistikvermietungsmarkt stagniert auf Vorjahresniveau
Auf dem deutschen Markt für Lager- und Logistikflächen wurden im ersten Quartal 2024 rund 1,39 Millionen m² (Eigennutzer und Vermietungen) umgesetzt, mit 325.000 m² entfielen davon rund 23 Prozent auf Eigennutzer. Damit handelt es sich um das niedrigste Quartalsergebnis seit 2012. So wurde das Niveau des Vorjahresquartals mit 1,41 Millionen m² nur leicht verfehlt, der […]
Wohnen: Institutionelle Investoren setzen verstärkt auf Berliner Wohnungsmarkt
Hohe Nachfrage von Selbstnutzern nach Bestandswohnungen Skjerven sieht in diesem Marktsegment bereits einen empfindlichen Engpass auf der Angebotsseite. „Bezugsfreie sanierte Bestandswohnungen sind rar in Berlin. Die im Vergleich zum Neubau günstigen Preise machen sie attraktiv für viele Haushalte, sodass die Angebotspreise in den vergangenen Monaten sogar leicht gestiegen sind“, sagt Skjerven. „In gefragten Lagen wie […]
Private-Equity-Sekundärmarkt: Immer einen Schritt voraus
Im vergangenen Jahr verzeichnete der Sekundärmarkt mit einem Transaktionsvolumen von 114 Milliarden Dollar ein Rekordjahr – das volumenmässig zweitbeste Jahr nach 2021. Der Sekundärmarkt bietet Lösungen, die dann erfolgreich sind, wenn andere Märkte zu kämpfen haben.
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