Australia’s Macquarie Group is to increase its real estate capital raising capabilities through the takeover of Presidio Partners, the San Francisco and Chicago-based advisory practice. The transaction is expected to close in the fourth quarter this year.
2 min read · 24 January 2013
Chicago-based Harrison Street has brought its fundraising total for its latest private equity real estate fund to $330m. The education, healthcare and storage real estate-focussed firm has held a second close and is hoping to corral a total of $500m for the vehicle.
1 min read · 24 January 2013
Investors eyeing the US should not expect outsized performance in the asset class, amid warnings a lackluster jobs market will dampen the country’s overall economic recovery.
2 min read · 24 January 2013
Clifford Chance has replaced CMS Cameron McKenna as legal advisers to Henderson on a dispute with several pension funds over the performance of its second infrastructure fund. The pensions have given Henderson until late September to draft a compensation scheme before taking it to court.
2 min read · 24 January 2013
The European team in charge of Bank of America Merrill Lynch’s European private equity real estate platform has bought out its GP interests and has launched new shop, Peakside Capital.
2 min read · 24 January 2013
The $34bn public pension plan admits it is ‘not at all optimistic’ about the short-term future of real estate equity deals as it looks to separate accounts targeting new debt originations with LTVs of between 50% and 75%.
2 min read · 24 January 2013
The $27.4bn endowment will keep eyeing secondaries sales and acquisitions, after reporting a 2.7% real estate loss in the past year. Real estate, though, would be one of the 'most interesting' opportunities over the next few years.
2 min read · 24 January 2013
The US arm of the Russian development firm has spun out as Corigin. The firm will continue to invest in student housing and multifamily assets in the New York metropolitan and South Florida regions.
2 min read · 24 January 2013
The firm has named former partner at Pegasus Capital Rodney Cohen as head of its new US Equity Opportunity team, which will specialise in investments of up to $150m.
1 min read · 24 January 2013
Executive search firm Sousou Partners shares with PERE a comprehensive pay scale for the private equity real estate industry which points to a general recovery in compensation levels. But rejuvenating pay doesn’t necessarily equal a buoyant jobs market as Jonathan Brasse discovers. PERE magazine September 2010 issue
8 min read · 24 January 2013
