Denmark’s largest pension fund is to planning to mitigate future risk by committing its equity in smaller portions to more smaller funds as well as participating in “club style” investments. These themes were also voiced at this week’s PERE Forum: Europe in London.
1 min read · 21 January 2013
As the balance of power swings from GPs to limited partners, fund managers in New York today predicted investors would call for shorter investment periods for PERE funds in a bid to boost their liquidity. In the search for capital sources though, GPs were advised to watch super and high-net-worth individuals "closely".
2 min read · 21 January 2013
Hudson Global Capital Partners is seeking to raise £75 million for a vehicle called Open Sky to buy Central London property.
1 min read · 21 January 2013
Opportunistic real estate fund managers need to underwrite potential deals with no leverage assumptions in the current environment. For deals to be attractive unlevered returns must be at least 15%.
2 min read · 21 January 2013
One month after disposing of its Tokyo headquarters in a $1.2bn sale to Japanese insurer Nippon Life, AIG has agreed to sell its Manhattan headquarters to a consortium including Korea’s Kumho Investment Bank.
1 min read · 21 January 2013
Fresh from acquiring the landmark John Hancock Tower out of foreclosure, the private equity real estate firm has appointed Mark Roopenian to manage it and other properties in Boston. Roopenian was previously with former Hancock Tower owners Broadway Partners.
1 min read · 21 January 2013
Dune Real Estate Partners have hired former Morgan Stanley commercial mortgage trading senior manager David Oliner. It comes as the firm raises its second property vehicle, Dune Real Estate Fund II.
2 min read · 21 January 2013
The real estate arm of insurance firm Prudential has hired Jack Taylor, Steven Plust and Stephen Alpart as it builds its debt investment operations. Taylor will be head of PREI's global high yield debt business.
2 min read · 21 January 2013
Bryan Bailey has been appointed senior adviser to the Italian funds of funds firm. He joins ex-Merrill Lynch managing director John Herbert in shaping the firm’s real estate fund, which is targeting €300m.
1 min read · 21 January 2013
The former Morgan Stanley and AMB executive has joined Colony Capital to help the Los Angeles-based firm develop new funds. Colony is targeting $5.25bn for its two latest vehicles.
2 min read · 21 January 2013
