Research by Zurich-based asset management and advisory firm, Strategic Capital Management, shows limited partners pushed GPs over terms during the fundraising process in 2009. PERE Magazine, April 2010 issue.
3 min read · 24 January 2013
This week, when LPs – particularly the California Public Employees’ Retirement Systen – had something to say, GPs listened.
3 min read · 24 January 2013
Morgan Stanley Alternative Investment Partners raised $370 million for its latest secondaries vehicle – Morgan Stanley AIP Phoenix Global Real Estate Secondaries – 30 percent more than its original target. Joseph Stecher, head and chief investment officer of AIP real estate fund of funds, talks about the fundraise, the fund’s strategy and the “enduring” focus on NAVs.
3 min read · 24 January 2013
Federal investigators are looking into possible illegal payments made to influence investment decisions at US pensions, including to placement agents.
1 min read · 24 January 2013
The private equity real estate arm of Leon Black’s buyout shop has garnered $107m for its securitised debt vehicle, on top of $317m for its mortgage REIT.
2 min read · 24 January 2013
Bill Thompson, Walter Stackler, Pamela Wright and Fredrik Elwing have all left to join the New York-based bank. Greenhill said its expansion into the real estate capital raising business was a ‘natural step’.
2 min read · 24 January 2013
The Phoenix Global Real Estate Secondaries fund will target fund interests in global property vehicles with $400m to $800m of commitments.
2 min read · 24 January 2013
The London-based real estate manager has reportedly held a first close on its second vehicle.
1 min read · 24 January 2013
British life companies and pension funds will increasingly eye direct real estate investments inside the UK, but when it comes to overseas investments non-listed property funds will be key.
2 min read · 24 January 2013
The pension is also planning on making $400m of direct investments in infrastructure in 2010 as it further builds up a team to make such investments, according to a presentation prepared for the investment committee of the $205.8bn pension.
2 min read · 24 January 2013
