Alan Bear has joined the principal real estate advisory and investment arm of Alvarez & Marsal as managing director to help grow the platform and source capital for asset and portfolio-level recapitalisations.
1 min read · 24 January 2013
The $198bn pension has been negotiating with external managers for fee cuts, and has slashed an additional $99m in fees from managers including 13 real estate managers.
2 min read · 24 January 2013
The New York-based firm, which is preparing to raise its third fund, may seek out a large investor to buy a stake in its management company and anchor its fundraise.
2 min read · 24 January 2013
The Netherlands-based company is offering European insurance companies the chance to invest in its 14 in-house property funds in the region via an open-ended core vehicle
1 min read · 24 January 2013
The New York-based firm has started to invest MSREF VII Global –primarily targeting the US, Western Europe and Japan – after allowing LPs to reduce commitments to the new fund. In an exclusive interview with PERE, the firm said: ‘There is a real chance to make a lot of money for our investors’.
3 min read · 24 January 2013
Placement agent Alfred Villalobos has accused California’s attorney general of trying to ‘deprive’ him of the means to support himself and prepare a defense.
2 min read · 24 January 2013
A California bill that would require placement agents to take flat fees for fundraising services failed to pass a committee Wednesday, prompting key state officials to threaten a push for a full ban on placement agents.
2 min read · 24 January 2013
Investors have been asking selected fund managers to launch real estate funds, according to Ernst & Young’s Dean Hodcroft. He explained his experience at this month’s PERE UK Roundtable discussion.
2 min read · 24 January 2013
The Canadian pension has invested A$200m in a development fund with Goodman targeting Australian logistics and seeded by a distribution centre in Melbourne. It follows a $150m China JV between CPPIB and Goodman.
2 min read · 24 January 2013
The New York-based pension fund and asset manager is expanding into investment management for endowments and foundations, hiring Rice University’s Scott Wise as chief investment officer of the new management business.
2 min read · 24 January 2013
