Finance Archives - Mingtiandi

Warburg Pincus Raises $17.3B for Buyout Fund, Exceeds Target

Michael Cole — Wed, 11 Oct 2023 01:15:14 +0000

US private equity giant Warburg Pincus said on Tuesday that it has closed on $17.3 billion in equity for its latest buyout fund, exceeding its target of $16 billion by more than 7 percent.

The New York-based firm said that,... Read More>>

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Country Garden Hires Advisors as 17 October Default Deadline Looms

Michael Cole — Tue, 10 Oct 2023 04:01:59 +0000

China’s largest developer appears to be preparing for default on more than $17 billion in offshore debt obligations as it approaches a 17 October bond payment deadline amid collapsing sales.

Country Garden Holdings alerted the Hong Kong stock exchange early... Read More>>

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GIC Buying Back India Business Park From Pimco Prime Partnership for $259M

Michael Cole — Sun, 08 Oct 2023 10:35:22 +0000

GIC is returning to familiar territory with an agreement to acquire a southern India business park from a fund managed by Europe’s Pimco Prime Real Estate after being part of a partnership which sold the Hyderabad asset to that venture... Read More>>

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Hong Kong’s Crane Capital Buys Out Singapore Shophouse Specialist 8M

Beatrice Laforga — Thu, 05 Oct 2023 13:43:34 +0000

Washington State Investment Board-controlled Crane Capital has taken full ownership of Singapore property investor and manager 8M Real Estate, which specialises in shophouse investments in the Southeast Asian financial hub.

After accumulating S$1.4 billion ($1.02 billion) worth of the traditional... Read More>>

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Seized Office Floor in Hong Kong’s Central Changes Hands for 56% Off 2018 Price

Beatrice Laforga — Wed, 04 Oct 2023 16:08:24 +0000

An office floor in Hong Kong’s Central district has been sold for less than half of its 2018 purchase price, after a bank in the Asian financial hub seized the property from a delinquent mainland fashion tycoon, according to a... Read More>>

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Hines Rolls Out Asia Value-Add Strategy with Former GLP Exec Caleb Shen at the Helm

Michael Cole — Tue, 03 Oct 2023 15:18:39 +0000

Having grown its Asia team to $7.9 billion in assets under management, US developer and fund manager on Tuesday announced a value-add real estate strategy targetting opportunities in the region.

The new investment vehicle is led by Caleb Shen, the... Read More>>

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Keppel Buys Out Clifford Capital Stake in Private Debt Specialist Pierfront

Beatrice Laforga — Tue, 03 Oct 2023 13:55:04 +0000

Keppel Corporation has taken full ownership of private credit specialist Pierfront Capital Fund Management for an undisclosed sum as the Singapore-listed conglomerate gears up for a bigger role in Asia’s debt scene.

Keppel took over the eight-year-old firm by purchasing... Read More>>

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ESR-Logos REIT Selling Singapore Building for $39M in Ninth Divestment in 10 Months

Michael Cole — Mon, 02 Oct 2023 16:26:04 +0000

ESR-Logos REIT said on Monday that it has agreed to sell an industrial building on the west coast of Singapore for S$53 million ($38.5 million) in its ninth sale of a building from its portfolio in the past 10 months.

Goldman Sachs, OMERS Launch APAC Private Credit Partnership

Beatrice Laforga — Sun, 01 Oct 2023 11:01:56 +0000

Goldman Sachs Asset Management (GSAM) has teamed up with the Ontario Municipal Employees Retirement System (OMERS) to invest in private credit deals across Asia Pacific.

The partnership, a separate account handled by GSAM’s private credit division in Asia on behalf... Read More>>

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Weave Living Acquires Nine Tokyo Rental Residential Properties

Michael Cole — Thu, 28 Sep 2023 12:30:02 +0000

Weave Living now has properties in three of Asia’s top real estate markets with the rental housing investor and operator announcing on Thursday that it has acquired nine apartment assets in Tokyo.

The recently completed multi-family residential buildings add 352... Read More>>

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