In a further sign that investors are taking flight from once-popular open-ended vehicles, Morgan Stanley decides to close down its fund two years after halting redemptions.
2 min read · 24 January 2013
The fifth annual PERE conference concluded today with calls for LPs to turn against the flow of capital to core, amid concerns the sector is becoming as risky as value-added and opportunistic strategies. We present other notable quotables from the New York event.
2 min read · 24 January 2013
Speaking at the annual PERE Forum in New York, Mark Burton said LPs have to staff advisory committees with people willing to 'speak out' if the opportunity fund model is to work.
2 min read · 24 January 2013
The State Investment Council last week preliminarily approved increasing its alternatives allocation including real estate, and made its first private equity-like commitment since early 2009.
2 min read · 24 January 2013
Switzerland-based alternative investment firm, Capital Dynamics is to increase its exposure to real estate following the hire of Matthias Sturmer, the former co-owner of Pacific Star Europe, the Munich arm of Singapore-based Pacific Star, which has subsequently been wound up.
3 min read · 24 January 2013
After initially approaching Brit Insurance in June, Apollo has agreed a takeover deal with the board of the company by joining forces with CVC.
2 min read · 24 January 2013
The European Parliament and Council have reached agreement on the final text of the long anticipated Alternative Investment Fund Managers directive.
3 min read · 24 January 2013
Speaking at the PERE Forum in New York, the Colony chairman said that, for some larger investors, cutting out the capital allocators and investing via co-investment structures will be the vehicle of choice for the near future.
1 min read · 24 January 2013
The UK Takeover Panel has introduced a slew of new reforms which could make it more difficult for private equity firms to seize British companies.
3 min read · 24 January 2013
Mapletree Investments, the real estate investment and fund management business of Singapore’s Temasek Holdings, has completed the state-country’s largest REIT initial public offering, attracting S$1.19 billion for its Mapletree Industrial Trust.
2 min read · 24 January 2013
