The Swiss alternative asset manager argues in a research report the Chicago airport is a ‘trophy asset’ that exacted a high premium at a time when listed infrastructure comparables are indicating much lower valuations.
2 min read · 21 January 2013
Average high bids for private equity fund interests fell to 61% of NAV in the five months through November 2008, driven by stale holding values, according to Cogent Partners.
2 min read · 21 January 2013
A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.
2 min read · 22 January 2013
In the age of “thought leadership,” everyone is weighing in on the US subprime crisis—and what it might mean for business. Some of it, of course, is bloviation, while some is genuinely insightful. By Aaron Lovell
4 min read · 22 January 2013
Respondents to a recent survey also said sovereign funds’ long-term strategy makes them more appealing than other LPs.
2 min read · 22 January 2013
Over the past year, investors have fled real estate investment trusts, lumping them in with fears about the subprime meltdown and the housing market. Now REITs are on the rise again, but they are still trading at discounts. Could this be the perfect time for some public-to-private buyouts? By Dave Keating
7 min read · 22 January 2013
Russell Investments’ annual survey has found investors plan to increase allocations to real estate over the next two years, but have the highest return expectations for private equity among alternative asset classes.
2 min read · 22 January 2013
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.
3 min read · 22 January 2013
At the 2006 INREV conference in Rome, real estate practitioners gathered to discuss the state of the European property markets and the need for corporate governance. PERE sat in on the proceedings.
5 min read · 23 January 2013
The growth of the CMBS market in the US is fueling ever larger private equity real estate deals—can Europe be far behind? By Paul Fruchbom
7 min read · 23 January 2013
