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...Sorrell, whose two younger brothers also worked at Goldman, started at the firm in 1994 and became a partner in 2010. He was promoted to co-head of M&A alongside Feldgoise in 2020....
...Another partner is GFP Real Estate, a family-owned firm whose co-chief executive, Brian Steinwurtzel, happens to be the son of a Fried Frank partner and is “a dear friend” of Mechanic....
...Weightman stepped into the private credit arena after his 2020 departure from Cromwell, the Australian real estate investment firm he founded two decades earlier, following a bitter boardroom battle....
...Zaveri was head of early-stage and venture investing and had been a partner since 2015, while Tanuku had been head of public markets and M&A since 2020....
...EU emergency summit: Leaders of the EU’s 27 countries have agreed a deal on a €50bn financial support package for Ukraine after Hungarian Prime Minister Viktor Orbán rescinded his veto on the aid....
...He previously worked for Brookfield Asset Management. Latham & Watkins has hired Yohei Nakagawa as partner in the M&A and private equity practice in Tokyo....
...The $60bn Blackstone Real Estate Income Trust generated $2.7bn in cash flows in 2023, mostly in rents, and paid out a distribution of more than $2.8bn, resulting in the first annual shortfall of cash from...
...Dennis Fan, a lawyer for the attorney-general’s office, argued that the former president could piece together a series of smaller bonds, or use his real estate portfolio to secure bank credit that could...
...Moody’s has cut New York Community Bancorp’s credit rating to junk, citing “high governance risks” and the potential for commercial real estate losses to create “confidence sensitivity”....
...“The kids here today are looking to the future and have a real passion for all sports....
...As a result, the shift that we’re seeing in business processes for regional banks is actually more pronounced outside of real estate than in real estate....
...More than 20 senior executives have defected to a brand new business set up by an Australian real estate veteran: Paul Weightman’s Corinthia Global Management....
...Liontrust’s fortunes illustrate how M&A is not a panacea for the challenges facing the fund management industry....
...It follows a period in which the firm built up a significant business auditing Chinese real estate groups: PwC has also acted for others that have struggled, such as Country Garden, Sunac, R&F Properties...
...The move signals that the world’s largest alternative asset manager considers its growth prospects in the decade ahead lie away from the traditional private equity buyout and real estate businesses that...
...But the Chinese economy failed to roar back to life as the country’s real estate bubble burst and consumers held on to their cash....
...Smart reads Debt demolition Commercial real estate lending has fallen to dangerously low levels, threatening a rise in defaults on expiring debt and a near freeze in new construction, The Wall Street Journal...
...America’s CRE hangover: Some players are finally getting more honest about America’s commercial real estate pain, writes Gillian Tett. Social price: Do you dislike being hounded online to buy stuff?...
...Its finances have deteriorated sharply in the face of falling commercial real estate values and rising interest rates....
...Hines, the global real estate investor has appointed John Carr as chief financial officer for Europe, succeeding David Braaten, who will retire....
...The so-called alternative assets industry has muddled through a difficult year to date. The dearth of M&A and IPOs have kept managers from returning cash to their limited partners....
...Dell’s family office, known as DFO Management, will take a passive stake in 5C Investment Partners, according to people briefed on the matter. 5C’s first fund plans to provide senior loans to mid-sized and...
...Urban doom loop Losses in commercial real estate are hitting more than just investors....
...Ares has promoted Julie Solomon, its chief operating officer of real estate, to co-head the property division....
...He previously spent more than 25 years at Goldman Sachs as a partner and global co-head of infrastructure investing at its asset management division....
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