Private equity funds itch to pull trigger
SHERMAN OAKS, CA-It is evident that many private equity funds are itching to pull the trigger and are buying distressed real estate, according to locally-based Robert Leveen, a senior vice president of Lee & Associates investment services group.
A US government financing agency revealed its plans to invest $150 million into a Mideast private equity fund whose aim is to promote the growth of small and medium-sized businesses in the region.