The Florida firm exceeds its fundraising target for a fund focused on distressed assets in its home state.
2 min read · 18 January 2013
Richard Anthony, head of Evercore Partners Private Funds Group, said ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets.
2 min read · 18 January 2013
The firm is participating in a $3.3bn public offering for a 10% stake in the Russian state-owned bank, which manages a Russian real estate fund among its businesses.
2 min read · 18 January 2013
The senior portfolio manager for CalPERS’ alternative investments programme will stay on until 31 March.
2 min read · 18 January 2013
Matt Khourie prepares to reveal details of the integration of ING REIM to employees at CBRE Investors, while an internal memo reveals the pleasure of CBRE chief, Brett White (pictured), at beating nearest rival.
2 min read · 18 January 2013
At the PERE Forum in Hong Kong today, delegates heard how $140bn would be raised for real estate globally in 2011 but that club structures would be regarded as the most capable of vehicles to compete on transactions. Conference polls showed how fund sizes would shrink and opportunistic returns would decrease also.
3 min read · 18 January 2013
ING has announced the sale of three REIM businesses to CB Richard Ellis and confirmed the management-led buyout of Clarion Partners.
3 min read · 18 January 2013
The $71bn pension system says cuts in fees it pays to investment managers will save it at least $40m over the next five years.
2 min read · 18 January 2013
With concern mounting over inflation and future jobs growth, should investors eyeing the US start asking for a risk premium on their real estate investments?
3 min read · 18 January 2013
The John Grayken-led firm is expected to hold a final close on its second real estate fund in May. The firm has been raising two funds simultaneously since 2009 for real estate and distressed debt investments.
2 min read · 18 January 2013
