The talk of the town has been the potential for LPs to default on capital calls. It may be just noise at the moment but it is raising questions about counterparty risk. For their part, LPs want greater transparency for their cash. PERE Magazine December 2008/January 2009
4 min read · 21 January 2013
Why the temporary halting of redemptions by German open-ended property funds is not good news for private equity real estate. PERE magazine December 2008/January 2009
3 min read · 21 January 2013
The Pension Benefit Guaranty Corporation, which guarantees the pensions of about 44 million Americans, has hired gatekeepers as it prepares to allocate a portion of its $5.5bn in assets to private equity and real estate.
1 min read · 22 January 2013
Sullivan, Ward, Asher & Patton attorney, Laurence Smith, and the founder of Heller-White Hotel Management, Mitchell Heller, are raising their first private equity real estate fund focused on hospitality developments in Hawaii. The 10-year fund is targeting IRRs of more than 20%.
2 min read · 22 January 2013
As the real estate industry looks forward to 2009, PrivateEquityRealEstate.com looks back at the past 12 months and the most read stories of the year. Dreier founder, Marc Dreier, admitting to key aspects of a $113m scam was the number one story.
3 min read · 22 January 2013
The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
2 min read · 22 January 2013
Just $57bn was raised in value-added and opportunistic real estate vehicles in 2008 compared to $85bn in 2007. Asia, however, has become the investment destination of choice overtaking strategies focused on North and Latin America.
2 min read · 22 January 2013
The C$117.4 billion Canada pension fund is the first investor in Multi Corporation’s retail fund. The fund comprises 21 retail development projects throughout Turkey. CPPIB say Turkey is one of the 'most promising' developing markets in Europe.
1 min read · 22 January 2013
Pacific Retail Capital, the private equity real estate firm which span-out of Somera Capital and was backed with capital from Lubert-Adler, says retail is about to undergo a “major shift” away from the High Street chain model. The firm is targeting malls of at least 500,000 sq ft.
2 min read · 22 January 2013
Voting for the first round of the third annual Global PERE Awards will close on January 5, 2009. Have you nominated the people, firms, funds and deals that stood out in 2008 yet? If not, cast your vote now.
2 min read · 22 January 2013
