After acquiring Lehman Brothers’ two real estate mezzanine funds in December, PCCP said it will look to take over other debt vehicles.
1 min read · 24 January 2013
However a survey of alternative investment professionals shows four in 10 don’t expect returns to top 10% this year.
2 min read · 24 January 2013
GPs should charge fees on invested, rather than committed capital, with management fees calculated on equity capital or NAVs, report warns.
2 min read · 24 January 2013
The joint venture has admitted final defeat in trying to restructure the debt on the New York multifamily complex, saying they had no intention of putting Stuyvesant Town/Peter Cooper Village into bankruptcy.
2 min read · 24 January 2013
Qatari Diar – fully owned by the emirate of Qatar – has become the second-largest shareholder in French construction company Vinci with a stake of between 5% and 8%. In exchange, Vinci acquires 100% of service provider Cegelec, which is set to add some €3bn in revenues to the French group.
1 min read · 24 January 2013
With just 48 hours until polls close, several tight races have emerged; including Rockwood and Starwood fighting for North America fund of the year, and Benson Elliot, Mountgrange and Orion in Europe fundraise of the year.
2 min read · 24 January 2013
The annual survey of foreign investors in US real estate reveals the country is deemed the best global opportunity for capital appreciation, followed by the UK.
2 min read · 24 January 2013
INREV concludes from its 2010 Investment Strategies questionnaire that there has been a shift ‘down the risk spectrum’, with investors in unlisted funds preferring to concentrate on core property for diversification and income generation sake
3 min read · 24 January 2013
Amid 5,000 pages of documents released by CalPERS, it was revealed Capmark paid Credit Suisse a one-time fee of $27m for one fund, while RLJ paid Presidio $10.6m for two vehicles, including $1.7m for CalPERS' commitments.
3 min read · 24 January 2013
A placement firm run by a former board member of the California Public Employees’ Retirement System has received far more in fees from the pension than any other placement agent, according to FOIA documents.
2 min read · 24 January 2013
