State comptroller Thomas DiNapoli has today released details on 94 funds to which former comptroller Alan Hevesi committed capital. The comprehensive list also includes the names of placement agents used and the fees they were paid.
2 min read · 21 January 2013
Los Angeles-based firm Colony Capital is hoping to acquire a stake in struggling Central European property firm Orco, after the company started bankruptcy protection proceedings.
2 min read · 21 January 2013
The New York-based firm reported losses of $212m on its real estate investments in Q1 and warned more write-downs should be expected in 2009. It comes as Blackstone reported overall losses of $93m for the first three months of the year.
2 min read · 21 January 2013
Rhys Lewis, who was hired from Moorfield Group in 2005 to expand the firm’s European operation, has created Anglesea Capital to invest in the UK.
1 min read · 21 January 2013
The Cayman Islands-based firm has launched a residential housing fund, with hopes of closing the vehicle by the end of the year. Half the fund is expected to invest in Peru and Colombia. The firm's last fund closed on $42m last year.
2 min read · 21 January 2013
It is the first fund LaSalle has ever closed specifically targeting Mexico. News of the closing comes on the same day as Mexico tries to resume normal business activities amid an outbreak of swine flu.
1 min read · 21 January 2013
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
1 min read · 21 January 2013
The New York-based private equity real estate firms are once again the two largest private equity real estate firms in the world. The top 30 firms raised more than $211 billion in value-added, opportunistic capital over the past five years.
2 min read · 21 January 2013
PERE Magazine May 2009
2 min read · 21 January 2013
Investors in Morgan Stanley’s $8bn MSREF VI International fund have been told to expect a 0.7x haircut. The firm will focus on preserving and generating liquidity, deleveraging and de-risking the portfolio and working through debt issues with lenders, LPs learned at a meeting in New York last week.
1 min read · 21 January 2013
