The newly formed lobbying group has released its first white paper in defence of private equity, coinciding with the first day of the Senate Finance Committee’s hearings on the taxation of carried interest.
London-based services group Savills has acquired New York real estate investment bank Granite Partners for $54m.
Denver-based private equity firm BaseCamp Capital has partnered with San Francisco-based Stockbridge to pick up the CMH Parks portfolio from housing company Clayton Homes.
The Senate Finance Committee’s second inquiry into carried interest featured witnesses who support and oppose the carried interest designation as capital gains, but they unanimously agreed that one industry should not be singled out over another for tax purposes.
Private equity firm The Blackstone Group announced the appointment of real estate veteran Michael Casey to its fundraising and LP relations team.
Italian conglomerate Pirelli has increased its stake in real estate subsidiary Pirelli RE, following the firm’s recent acquisitions in Europe.
The Dallas-based firm is developing a multi-family residential project in Fairfax County, Virginia, which hopes to take advantage of its strategic proximity to Washington.
US retailer The Container Store has agreed to be sold to Los Angeles-based Leonard Green & Partners.
The former senior client partner at Coutts will head a hybrid property investment fund managed by Worldwide Private Residences Management.
Duke Street Capital’s managing partner Peter Taylor has emphasised his support for Sir David Walker’s drive for greater transparency in private equity, after successfully deflecting criticism about the industry at this morning’s Treasury hearing.