Regulation & Legal

Washington-based real estate investment bank Perseus Realty Capital has added Jay Jarrett to its roster as it looks to establish a fundraising practice.

The listed private equity firm is reportedly in talks with Foster & Partners, the architects behind Wembley Stadium and the Beijing Airport, in a deal that could value the company at up to £500m.

Dawnay Day Sirius, which has been set up to convert large mixed-use German properties into flexible workspace, floated today on the Alternative Investment Market.

The listed Paris-based private equity group has wrapped up €500m in commitments for its first vehicle for third-party investors.

Charlie McCreevy, the European Union’s internal market commissioner, has reiterated his support for the private equity industry, while conceding that the industry has a lot of work to do to convince sceptics that it is a force for good.

Morgan Stanley makes its first investment in Brazil via the acquisition of a minority stake in Abyara, a Sao Paolo-based real estate company.

A New York Times editorial today decried the ‘wasteful gamesmanship’ that it claimed results from the low capital gains tax currently enjoyed by US general partners.

The quoted Vietnam-focused real estate company, which spun out of private equity firm VinaCapital, has raised double its initial target of $200m in its second round of fundraising.

Charlie McCreevy, the European Union’s internal market commissioner, has leapt to the defence of the private equity and hedge fund industries, while criticising their public relations efforts.

The Blackstone Group is reportedly close to filing for an initial public offering of the firm just weeks after Steven Schwarzman dismissed the public markets as a source of capital for buyout fundraising.