As the US Congress prepares for a final vote this week on plans to limit banks involvement with private equity real estate funds, industry professionals admit the regulations are unlikely to come into effect for more than a decade – but could significantly lower bank co-investment in alternative vehicles when they do.
4 min read · 24 January 2013
Lawmakers agreed to require private equity and private equity real estate firms to register with the SEC, while the 'Volcker rule' was softened to allow limited holdings in private equity real estate assets. A formal vote is expected next week.
2 min read · 24 January 2013
The US firm has won a commitment from Dutch pension fund asset manager, APG, which hasn’t invested in a private equity real estate fund in Europe for nearly three years
1 min read · 24 January 2013
The London-based European private equity real estate firm says it is focusing on small-to-medium sized properties in order to deliver net returns of 13% per year.
1 min read · 24 January 2013
A panel at PEI Media’s compliance forum this week talked about the tough fundraising environment, placement agents and the effects forced registration would have on marketing new funds.
2 min read · 24 January 2013
The debut green property fund has made one final acquisition having launched the vehicle in 2008
1 min read · 24 January 2013
The Pennsylvania State Employees' Retirement System reports returns of -29.3% for its 60 real estate portfolio investments during 2009, a period when it also paid $28.5m in management and consultant fees.
2 min read · 24 January 2013
Mark Gabbay has been appointed Asia Pacific chief investment officer after the firm spent one year searching for an addition to the existing senior team. He will report to Asia Pacific CEO Jack Chandler.
2 min read · 24 January 2013
Brookfield Asset Management CEO Bruce Flatt told delegates at the PERE Forum: Europe in London that the Toronto-based company would likely follow up its $5.5bn investment club with a return to traditional fundraising.
2 min read · 24 January 2013
The Allegro Fund II will target growth and distressed investments in Australia with and is targetting up to A$250m.
2 min read · 24 January 2013
