A proposed rule in California would turn placement agents into lobbyists. It’s yet another challenge to the definition of what a placement agent is.
3 min read · 21 January 2013
Limited partners urged to start serious discussions with GPs about portfolio and asset valuations, as institutional investors attempt to choose tomorrow’s winners.
3 min read · 21 January 2013
Scott Lawlor, founder of the troubled private equity real estate platform, will roll out a residential strategy ‘imminently’. But he insists to the New York Times Broadway’s problems were bad timing and the severity of the crash – not leverage.
3 min read · 21 January 2013
Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. By Robin Marriott
3 min read · 21 January 2013
The West coast debt shop is set to acquire Lehman Brothers Real Estate Mezzanine Partners I and II following 'many months' of negotiations. PCCP will open an office in New York to help deal with the fund workouts.
2 min read · 21 January 2013
With losses of 30% in the third quarter alone, the Californian pension fund said it was terminating a number of managers which had failed to perform. CalPERS is though eyeing 2010 as an ‘excellent time’ to invest.
2 min read · 21 January 2013
The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.
2 min read · 21 January 2013
Profound Property Group, a Perth-based advisory and fund business formed by ex-Investec executives, is raising its debut vehicle. The firm is eyeing preferred equity infusions in projects in Perth and across Western Australia.
2 min read · 21 January 2013
The New York-based alternative investment firm’s Asian fund debut is to target up to $800m of equity from investors ahead of a final close in the first half of 2010, PERE has learnt
1 min read · 21 January 2013
The Los Angeles-based firm has raised $454m for Fund III and will target affordable homebuilding and distressed opportunities in Brazil, Peru, Mexico and Chile.
1 min read · 21 January 2013
