Reversing two years of massive declines, opportunistic funds reported returns of 6.4% in the fourth quarter of 2010 and 24.3% for the entire year.
2 min read · 18 January 2013
Former New York state comptroller Alan Hevesi was sentenced to up to four years in prison for his involvement in New York’s massive pension pay-to-play scandal that rocked the placement agent world.
1 min read · 18 January 2013
The Royal Bank of Scotland is expected to shortlist bidders for the sale of a £1.6bn loan book made to UK real estate. The Financial Times listed various private equity real estate platforms as potential bidders.
1 min read · 18 January 2013
The French insurer has taken fundraising for AXA Commercial Real Estate Senior 1 to more than half a billion Euros having corralled an additional €180 million since January.
2 min read · 18 January 2013
Alabama-based alternatives asset management firm Harbert Management Corporation has raised €110m for its Harbert European Real Estate Fund III fund. The firm is expected to close fundraising for the vehicle later this year.
2 min read · 18 January 2013
Florida Governor Rick Scott has backed calls to replace the state’s defined benefit pension scheme with a defined contribution plan. This latest example in the global switch to DC pensions is raising questions over whether there will even be a next generation of private equity real estate LPs.
3 min read · 18 January 2013
Florida Governor Rick Scott has backed calls to replace the state’s defined benefit pension scheme with a defined contribution plan. This latest example in the global switch to DC pensions is raising questions over whether there will even be a next generation of private equity real estate LPs.
3 min read · 30 January 2013
LaSalle’s special situations division has expanded its debt offering after raising £150m to issue as junior loans. The division was originally launched last year to provide mezzanine financing.
2 min read · 18 January 2013
As the UK’s financial sector regains its health, demand for office space in Central London is expected to soar with an extra 1.6m sq. ft. needed over the next three years.
2 min read · 18 January 2013
The future of Tokyo’s Shinagawa Grand Central Tower is likely to be determined by The Blackstone Group and other parties after Morgan Stanley Real Estate Investing today defaulted on its $3.3 billion debt – the biggest default ever on a Japanese CMBS debt.
3 min read · 18 January 2013
