Hints and tips:
...Son also began to borrow personally from SoftBank to foot the bill for his investments in the group’s second Vision Fund, Latin America fund and shortlived hedge fund unit, SB Northstar....
...to the end of the company life of SVF2 LLC....
...The sale of Northstar’s stake follows a tumultuous period for the SoftBank vehicle....
...But executives at SoftBank’s Northstar unit never cared a hoot for received wisdom....
...But the company has lost 60 per cent of its value since a 2017 merger with rival NorthStar, which Mr Barrack admitted was ill-judged....
...Colony shares have fallen by about two-thirds since the deal was completed in early 2017, at a price that analysts say overvalued Northstar’s real estate portfolio....
...“He received those shares by contributing to the newly formed public company the majority of the assets and continuing operations of his then wholly owned Colony Capital LLC, the investment firm which he...
...Colony, which has lost more than half of its value since a disastrous merger with rival Northstar at about the same time that Mr Trump took office in January 2017, said it had reached agreement with Blackwells...
...The fee arrangement came about as the result of a merger between Colony and two other Northstar entities: Northstar Realty Finance, also a Reit, and Northstar Asset Management, which was meant to manage...
...At one point, there were three Northstar entities: Northstar Realty Europe; Northstar Realty Finance, also a Reit; and Northstar Asset Management, which was meant to manage and earn fees on the other two...
...Colony Northstar, with Mr Barrack serving as chairman....
...TPG, another private equity group, sought to improve its access to southeast Asia by agreeing last year a share-swap deal with Northstar Pacific, an Indonesian buyout group....
International Edition