The firm’s real estate vehicles generated earnings of $4m, down 20% from last year. It compares to a 78% drop in private equity earnings. The firm's real estate management fees increased 8% over the past year.
1 min read · 22 January 2013
UBS’ former head of global commercial real estate will head Ladder Capital Finance, while Alan Fishman, CEO of Washington Mutual until its collapse in September, will serve as chairman.
2 min read · 22 January 2013
A US private equity firm has invested in a lender foreclosed property auctioneer hoping to benefit from the turmoil in the mortgage sector.
1 min read · 22 January 2013
The US retirement plan insists it will keep the majority of the assets as a long-term owner, despite having seen more than $3bn wiped off the value of the housing stock.
2 min read · 22 January 2013
The private equity giant has named Christopher Dodds as a senior advisor less than three months after the departure of financial services co-head David Zweiner. In related news, the firm also exited telecom company Crest Communications for $70m.
2 min read · 22 January 2013
Peter Pereira Gray, Wellcome deputy chief investment officer, said at the PERE Forum conference in New York that the £15 billion UK medical research charity is looking to buy private equity and real estate interests as well as sell, contrary to media reports.
1 min read · 22 January 2013
The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.
1 min read · 22 January 2013
A prominent UK-based infrastructure investor since its 2006 participation in the £2.8bn takeover of Associated British Ports, the M&G-managed fund has now completed its fundraising effort ahead of expectations and 60 percent invested on close.
3 min read · 22 January 2013
Ticon, a Bangkok-listed property fund, is raising capital in the public markets in order to invest in factory and warehouse buildings throughout the country.
1 min read · 22 January 2013
Private equity, real estate and infrastructure are the asset classes most likely to see increased allocations from LPs, according to a trio of recent studies.
2 min read · 22 January 2013
