Sundaram Rajagopal has been appointed managing director in charge of the firm’s acquisitions and asset management in India, after four years at Lehman Brothers.
2 min read · 24 January 2013
In the latest sign that the investment banking sector is withdrawing from managing private equity real estate funds, Bank of America Merrill Lynch has agreed a deal to hand over the management of the assets in its $2.65 billion Asian Real Estate Opportunities Fund and other real estate assets to The Blackstone Group.
2 min read · 24 January 2013
The Amsterdam-based fund of funds has appointed Morag Beers, previously TCN international portfolio strategist; Maarten Vermeulen, a former Protego director, and Lionel Low, formerly with ARA Managers.
2 min read · 24 January 2013
The bankrupt mall REIT expects to exit Chapter 11 in October after agreeing a $8.55bn recapitalisation plan with Brookfield, Pershing Square and Fairholme Capital – and an additional $500m from Texas TRS.
3 min read · 24 January 2013
Two of Eaton Partners’ former European fundraisers have set up London-based placement agent Threadmark.
2 min read · 24 January 2013
Law firm Kaye Scholer has hired Andrew Harris to lead the expansion of its London practice.
1 min read · 24 January 2013
The fallout from Apollo’s purchase of Citi Property Investors continues as head of Asia Ravi Hansoty hands in his notice. Hansoty is expected to launch his own platform once the takeover is completed.
1 min read · 24 January 2013
The $132.2bn public pension is shifting its attention away from value-added and opportunistic strategies, and sets an overall benchmark for the asset class to meet: a minimum of 9.25% net of fees.
3 min read · 24 January 2013
Andrea Pauls Backman has joined as managing director and portfolio manager in charge of the San Francisco-based firm’s core and value-added separate accounts.
2 min read · 24 January 2013
LPs around the world, including CalSTRS, are eyeing greater core exposure, but how do they balance that against a need for higher returns? By Zoe Hughes
3 min read · 24 January 2013
