There is too much confined equity waiting on Europe’s investment market sidelines, according to the head of cross-border capital markets at property services firm Cushman & Wakefield.
2 min read · 21 January 2013
Gerry Blundell, who retired from LaSalle Investment Management following a 30-year stint with the firm, has joined the property arm of UK insurer Legal & General as a strategy advisor.
1 min read · 21 January 2013
The majority of investors led by US private equity firm JC Flowers has rejected Germany’s offer for real estate lender Hypo Real Estate after the board of the bank accepted it. A small minority in the JC Flowers led consortium have agreed to sell their position.
1 min read · 21 January 2013
RREEF bought a 'significant minority' stake in Aldus in 2007, at a time when Aldus founding partner Saul Meyer considered backing out of an arrangement in which his firm was allegedly paying illegal kick-back fees.
2 min read · 21 January 2013
A London-based start-up chaired by Paul Orchard-Lisle, the former senior partner of property services firm Cushman & Wakefield, wants to launch two funds targeting London as well as a China vehicle and an infrastructure fund.
1 min read · 21 January 2013
Speakers at the Terrapinn Infrastructure Investment World Americas conference in New York criticised the conventional wisdom regarding such assets as ‘too simplistic’ since brownfields, or operational infrastructure assets, can in practice be more risky than greenfields, or new development projects.
2 min read · 21 January 2013
Multi-family specialist Covenant Capital Group is targeting $300 million for Covenant Apartment Fund VI.
1 min read · 21 January 2013
The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.
1 min read · 21 January 2013
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
2 min read · 21 January 2013
A proposed European directive differentiates between private equity and hedge funds, but has sparked concern among the European mid-market that managers and portfolio companies will be burdened with ‘costly and unwarranted’ reporting standards.
2 min read · 21 January 2013
