Three investment experts share their views on the role of modern portfolio theory in real estate allocation policies – and the limits that weak data impose on attempting to treat real estate like just another asset class. PERE magazine, February 2010 issue
4 min read · 24 January 2013
The Boston-based firm has held a final close on its latest vehicle, which was originally targeting $6bn.
2 min read · 24 January 2013
Invesco and Oaktree have secured commitments from the $126bn New York State Common Retirement Fund. The pension also committed $160m to four private equity funds.
2 min read · 24 January 2013
Roughly 60 commingled property vehicles closed on commitments last year, raising $30.4bn – a 66% reduction from the peak of 2007. More than a third of all funds closed were targeting Europe.
2 min read · 24 January 2013
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
