In a letter to the CEO of FINRA dated 18 December 2009, obtained by PEM, the director of the SEC's division of investment management said the SEC might create an exception to the ban for registered broker-dealers acting as legitimate placement agents, if FINRA can implement rules that would prohibit pay-to-play practices. Read the full text of the letter.
2 min read · 24 January 2013
Central and Eastern European developer Plaza Centers is to co-invest $100m in a fund to be managed by Elbit Partners USA aimed at taking advantage of the “current dislocation in the US financing and real estate markets”.
2 min read · 24 January 2013
Magnus Christensson has left placement agent Atlantic-Pacific after nearly eight years to help build Jefferies’ global placement business. Among Christensson's prior achievements was the raising $572m for Forum Partners' third real estate opportunity fund.
2 min read · 24 January 2013
The Tokyo-based firm has implemented widespread reform – and had senior management take pay cuts – after an independent committee confirmed a former partner had engaged in insider trading for seven years.
3 min read · 24 January 2013
Mumbai-based investment advisory and management firm ASK Group closes its first real estate investment fund on Rs340 Crore. The Economic Times suggests the closing is the first in India since the downturn.
1 min read · 24 January 2013
The debut green property fund has closed its first ever vehicle with investors coming from the UK, Europe and Australia
1 min read · 24 January 2013
More than 85 percent of real estate fund managers believe the investment opportunities will increase significantly at the end of this year. However in order to get there GPs must start prioritising which legacy assets to save and ‘nuture’ existing investors.
2 min read · 24 January 2013
Some of the most significant LP/GP relationships are being refashioned as LPs rethink their approach to private equity.
2 min read · 24 January 2013
The private equity firm’s Marc Lipschultz says the market will have a choice between ‘Version 1.0’ and ‘Version 2.0’ of infrastructure investing. Lipschultz also describes how he has built out his firm’s infrastructure team and how KKR views infrastructure assets and the overall investing opportunity in the sector
1 min read · 24 January 2013
The $40bn pension, which has not yet committed to private equity in 2010, is happy to come in below target this year depending on opportunities.
2 min read · 24 January 2013
