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
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
