Founded in 1974, Harvard Management Company (HMC) is a subsidiary of Harvard University responsible for managing the University's endowment, pension assets, working capital and deferred giving accounts. Generally regarded as one of the most astute investors in the alternative asset sector, HMC currently oversees approximately $26 billion in assets, $2.2 billion of which is invested in real estate. David Ferrero, who originally joined HMC in 1997, co-manages HMC's opportunistic real estate portfolio. Here, Ferrero talks about the current state of the real estate fundraising market, Harvard's “clarity of mission” and the importance of listening to your LPs.
6 min read · 23 January 2013
As private equity real estate funds deploy capital quicker than ever, they are returning to their fundraising trail more and more—but would LPs like to see less of them and more of a track record? By Aaron Lovell
6 min read · 23 January 2013
As more money flows into private equity real estate, placement agents, once merely matchmakers, are now finding themselves serving a variety of different functions. By Dave Keating
9 min read · 23 January 2013
Raising a debut opportunity fund is an arduous undertaking, but with capital abundant, real estate hot, and investors eager, has the process gotten any easier? By Paul Fruchbom
9 min read · 23 January 2013
The fundraising market for private equity real estate vehicles has reached record-setting levels over the past two years, creating new challenges— and opportunities—for GPs, LPs and placement agents alike.
3 min read · 23 January 2013
As RLJ Development's debut lodging fund nears completion, firm co-founders Robert L. Johnson and Thomas Baltimore Jr. spoke with PERE about the value of personal relationships, mitigating risk in hotel investment and how real estate is like cable television. By Aaron Lovell
10 min read · 23 January 2013
Foreign direct investment can mean many things to a country. For some reason, private equity and real estate funds conjure up especially intense feelings—and metaphors. By Aaron Lovell
5 min read · 23 January 2013
Private equity and real estate investors have acquired a UK private hospital operator for £2.2 bn.
2 min read · 23 January 2013
Peter Land joins Harbert Management's London office as the firm continues to pursue its diversified strategy across the continent.
6 min read · 23 January 2013
Liquid Realty has acquired interests in a portfolio of UK assets for $775m, the largest secondary transaction ever in real estate.
2 min read · 23 January 2013
