CalSTRS committed to Wes Edens-led Fortress’ second Credit Opportunities Fund, which is believed to be targeting $2bn. The vehicle will focus on distressed resl estate loans and securities among other things.
2 min read · 24 January 2013
GPs face a host of challenges as they look ahead to 2011 and beyond – not least regulation from governments globally. In the US, regulations impacting GPs, including the Volcker Rule and required SEC registration, have been pushed through, while Europe’s Alternative Investment Fund Managers directive has stalled. PERE magazine Fund Administration supplement, September 2010
7 min read · 24 January 2013
The former colony receives most attention for its gaming. One firm sees potential in its leisure industry instead. PERE magazine September 2010 issue
1 min read · 24 January 2013
Setting up an investment firm is about more than deciding on an investment strategy and snapping up distressed properties. Mark Shepherd asked two new fund managers and a fund administration professional about the practical – and less reported – difficulties of striking out on your own. PERE magazine's Fund Adminitration supplement, September 2010
6 min read · 24 January 2013
Blackstone is piloting a new interactive LP portal that will allow investors to delve into the firm’s performance data across asset classes, geographies and sectors like never before. It will also allow LPs to import data from other GPs into the Blackstone system. PERE magazine Fund Administration supplement, September 2010
8 min read · 24 January 2013
A lack of industry reporting standards have resulted in LPs receiving a hugely divergent amount and type of information from each of their GPs. Is it time for some industry standards? PERE magazine's Fund Administration supplement September 2010
7 min read · 24 January 2013
GPs and private equity real estate fund administrators are under pressure from all sides with increased LP reporting requirements, greater regulation, higher taxes and even more complex deals. The challenges being faced today are part of the natural evolution of an institutional asset class. PERE magazine's Fund Administration supplement September 2010
10 min read · 24 January 2013
The real estate equity investment arm of the US insurance group plans to invest $400m in low income housing tax credits in the next 12 to 18 months, amid plans to increase its allocation to the asset class from $2 billion to between $4 billion and $5 billion over the next two to three years.
2 min read · 24 January 2013
Despite trying to sell itself to third parties, the real estate investment arm of the Dutch insurance group has hired Bruno Cohen as CIO of its Paris office.
2 min read · 24 January 2013
Musician Bob Geldof is working with former Doughty Hanson senior principal Mark Florman in the development of an Africa-focused fund.
3 min read · 24 January 2013
