A survey by the European industry body, INREV, revealed funds of funds managers invested just €75m in the first nine months of 2009 – down from €2.2bn in 2007. Secondaries, though, will be more important in 2010.
2 min read · 21 January 2013
The Dallas-based private equity firm has reportedly raised $1.2bn for its two new funds, including $500m for Lone Star Fund VII and $725m for Lone Star Real Estate Fund II.
1 min read · 21 January 2013
PCG Asset Management would run the programme, which would target original commitments of between $5m and $20m.
2 min read · 21 January 2013
New York Attorney General Andrew Cuomo said Elliott Broidy paid nearly $1m in gifts to NY Common officials, including more than $90,000 to pay living expenses of one official's girlfriend.
3 min read · 21 January 2013
At an alternatives conference in New York today, four major LPs said the real estate asset class was a top priority.
1 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. PERE magazine December 2009-January 2010 issue.
3 min read · 21 January 2013
Charles Valdes, a CalPERS board member, received illegal campaign donations, some from affiliates of Alfred Villalobos, head of placement agency ARVCO.
2 min read · 21 January 2013
The alternative asset manager is the latest firm to hold a first close on its PPIP fund, reportedly raising $400m. Oaktree is the only manager yet to announce a first close.
2 min read · 21 January 2013
With investor confidence sapped following the Dubai government's decision to seek a six-month “standstill” on the debt of Dubai World and Nakheel, Jones Lang LaSalle says the real danger is sovereign – not corporate – default.
3 min read · 21 January 2013
The California Public Employees' Retirement System is reportedly weighing its future relationship with asset manager BlackRock following its investment in the New York Stuyvesant Town deal.
2 min read · 21 January 2013
