The bank, which is currently assisting with fundraising for groups including MBK Partners, Alinda Capital and Citadel, has decided to wind down its private equity fund placement arm by year end. Two of its executives have already been hired by Credit Suisse as part of its asset management division's global expansion.
2 min read · 21 January 2013
The Canadian pension fund lost 25% of its value last year leaving it with just C$120bn in assets compared to C$155bn in 2007. Private equity and real estate investments lost 31% and 22% respectively, with Caisse warning its Lone Star investments had performed poorly.
2 min read · 21 January 2013
In the latest in a series of changes to senior personnel, the Denver-based logistics company has appointed a new head of global investment management and a president for Europe.
1 min read · 21 January 2013
The New York Common scandal will tar the reputation of placement agents unless market participants disseminate and enforce a clear distinction between valuable fundraising services and sleazy influence peddling, writes David Snow.
3 min read · 21 January 2013
The Tellesma Sustainable Real Estate Opportunity vehicle is still on the fundraising trail despite a Middle Eastern investor reportedly pulling out.
1 min read · 21 January 2013
The Japanese fund manager is planning to invest up to 35 percent of its fourth domestic opportunity fund into real estate distressed debt.
2 min read · 21 January 2013
In an effort to attract investors to its $100m Abu Dhabi focused residential fund, the UK fund manager, Lewis Charles Securities, has restructured the vehicle to provide both a dividend and a capital return.
2 min read · 21 January 2013
The UK property company owned by the Duke of Westminster hopes to grow its funds business through corporate acquisitions. The strategy was part of a three pronged plan revealed by Grosvenor as it posted its year end results.
1 min read · 21 January 2013
The chief operating officer of JE Robert Companies has left the firm after just 18 months. It follows the departure of European head Malcom Le May and after sources said the McLean, Virginia-based firm was focusing increasingly on asset management.
2 min read · 21 January 2013
John Thornley has joined former colleague Chris Macke as chief operating officer of General Equity Real Estate after more than 25 years at the US conglomerate.
1 min read · 21 January 2013
