Raising a private equity fund in 2010 is not a task for the fainthearted – long gone are the days when GPs could easily double fund sizes and rely on re-ups. With colour-coded references to the Capital Pursuit! board game in April’s issue, PEI examines a selection of the complex issues one must navigate in today’s global fundraising market.
10 min read · 24 January 2013
Investors who can’t afford to suffer further losses are cautioned over investing in the asset class amid warnings there is ‘no such thing as a no-risk deal’ today. High returns demand meaningful risk, say Hodes and Weill.
2 min read · 24 January 2013
The latest study by INREV, the European body for unlisted funds, suggests fees are more likely to be charged on realised returns, rather than unrealised returns based on valuations
2 min read · 24 January 2013
Analysis by Jones Lang LaSalle says ‘selective banks’ are willing to lend, though loan-to-value ratios are unlikely to improve and finance for speculative development will be unavailable in the short term.
2 min read · 24 January 2013
Many large institutional investors will look to separate accounts, rather than commingled funds in 2010. That decision could not only be short-sighted, but also leave them tied to second-tier managers. By Zoe Hughes
3 min read · 21 January 2013
Limited partners urged to start serious discussions with GPs about portfolio and asset valuations, as institutional investors attempt to choose tomorrow’s winners.
3 min read · 21 January 2013
Pension scheme allocation to the asset class has halved in the last year, according to the latest survey by the NAPF.
1 min read · 21 January 2013
A majority of US GPs expect carry to be taxed at an increased rate of 39.6%, which will hurt their ability to attract and retain talent, according to a recent survey.
2 min read · 21 January 2013
The court ruling that Tishman Speyer and BlackRock improperly raised rents on rent-stabilised apartments at a landmark New York complex is big news for the firms – and New York real estate. By Zoe Hughes
4 min read · 21 January 2013
A report from reform-focused think tank Open Europe estimates that the burden of compliance costs on managers of private equity and hedge funds could total as much as €1.9bn in the first year.
2 min read · 21 January 2013
