In an effort to curb the use of placement agents, the US' largest public pension has set up an automated PPM system that has been greeted with market scepticism.
3 min read · 24 January 2013
The New York-based private equity real estate firm is expected to continue investing in Japan and China from the capital raised for its fourth opportunity vehicle.
2 min read · 24 January 2013
The Italian company, which is being primed for a takeover, is changing its name to Prelios.
2 min read · 24 January 2013
Alan Bear has joined the principal real estate advisory and investment arm of Alvarez & Marsal as managing director to help grow the platform and source capital for asset and portfolio-level recapitalisations.
1 min read · 24 January 2013
The $198bn pension has been negotiating with external managers for fee cuts, and has slashed an additional $99m in fees from managers including 13 real estate managers.
2 min read · 24 January 2013
The Ontario Municipal Employees Retirement System’s real estate arm will reportedly be the lead equity partner with Related Companies for a $15bn development of Manhattan’s Hudson Yards, after Goldman Sachs Real Estate Principal Investment Area withdrew from the deal.
2 min read · 24 January 2013
Private equity real estate fund managers in Europe have had no single voice to argue against the worst elements of the EU’s AIFM directive. They may repent at leisure.
3 min read · 24 January 2013
Now Highstreet, a consortium of property investors including Goldman Sachs which owns the majority of Karstadt properties, makes a bid to take over the operational-side of the business
2 min read · 24 January 2013
Private equity and private equity real estate firms should be encouraged to mount bank recapitalisation JVs, mirroring FDIC-initiated structured sales of failed financial institutions.
3 min read · 24 January 2013
The House bill will tax 75% of carried interest as ordinary income at a rate of 35%, and the balance as capital gains at 15%. The bill now goes before the Senate.
2 min read · 24 January 2013
