PERE hears the views of Dean Hodcroft, Ernst & Young's head of real estate, hospitality and construction for Europe, the Middle East, India and Africa, on just how involved limited partners should be in the investment decision-making processes of their fund managers. Hodcroft spoke on the sidelines of last week's PERE Forum: Europe conference in London.
1 min read · 24 January 2013
As the US Congress prepares for a final vote this week on plans to limit banks involvement with private equity real estate funds, industry professionals admit the regulations are unlikely to come into effect for more than a decade – but could significantly lower bank co-investment in alternative vehicles when they do.
4 min read · 24 January 2013
The Pennsylvania State Employees' Retirement System reports returns of -29.3% for its 60 real estate portfolio investments during 2009, a period when it also paid $28.5m in management and consultant fees.
2 min read · 24 January 2013
Beth Ann Roybal has been charged with stealing $500,000 from the Colorado Public Employees' Retirement Association between 1993 and 2009, where she worked as a real estate investment official and property manager.
2 min read · 24 January 2013
The $156m investment marks the US pension’s first direct infrastructure investment and the third stake controlling-owner GIP has sold to an institutional investor. GIP bought Gatwick for £1.5bn last December.
2 min read · 24 January 2013
Will more capital calls mean more LP defaults this year?
6 min read · 24 January 2013
New York City’s Mayor reportedly said his friend, the former Quadrangle co-founder, is a ‘scrupulously honest guy’, months after Rattner was accused of ‘unethical’ conduct.
3 min read · 24 January 2013
The Chicago-based firm is raising its third fund, targeting $500m of equity and focused on off-campus student housing, senior housing, medical offices and storage properties.
2 min read · 24 January 2013
The $94bn pension fund has started webcasting its board meetings following a growing trend among US public pensions to have live feeds of its sessions.
3 min read · 24 January 2013
BMB Group, founded by Rayo Withenage and Brunei’s Prince Abdul Ali 'Yil-Kabier, has invested an undisclosed sum in Contrarian Capital Partners and its subsidiary Beacon Hospitality Partners SARL. In separate news, former CEO of Irvine Company Michael McKee has joined advisory firm Kennedy Associates as chief executive.
2 min read · 24 January 2013
