David Hodes and Doug Weill have left the investment bank's real estate placement group to create their own firm, Hodes Weill & Associates. The pair co-founded the real estate placement agent in 2000 with Bill Thompson, who remains at Credit Suisse along with other senior management.
2 min read · 21 January 2013
Richard Levin, president of Yale University, said the investment model designed by David Swensen had performed ‘spectacularly well’ for the endowment despite a 30% decline in value in the last fiscal year, according to a Bloomberg report.
2 min read · 21 January 2013
As events in the US draw the conduct of placement agents into the limelight, research conducted by PEI Media shows that many LPs find it hard to tell the genuine article from the so-called 'finders'.
2 min read · 21 January 2013
As LPs struggle to deal with their own liquidity issues, real estate secondaries specialist Landmark Partners says many limited partners may be missing the ‘ultimate’ investment opportunity.
2 min read · 21 January 2013
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
1 min read · 21 January 2013
Last week Los Angeles-based CBRE Investors held a $100 million close for its Asian fund of funds, the Asia Alpha Plus Fund. One investor swapped out of a commitment to an Asian country specific vehicle to join the fund. Here Jeremy Plummer, head of CBRE’s multi manager business, explains why.
2 min read · 21 January 2013
The New York-based REIT is reportedly in market with a private equity real estate fund targeting distressed retail and office properties.
1 min read · 21 January 2013
The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.
2 min read · 21 January 2013
Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry. The code has the backing of the LP body, ILPA.
2 min read · 21 January 2013
The Libyan Foreign Investment Company has become the latest sovereign wealth fund to invest in London commercial real estate directly.
1 min read · 21 January 2013
