PERE Magazine May 2009
2 min read · 21 January 2013
New Mexico’s governor Bill Richardson ordered the state’s $11.8bn oil and gas endowment to suspend investing in private equity and real estate while the endowment reviews investment recommendations made by Aldus Equity. Recommended commitments to Landmark Equity, Newstone Capital, Veronis Suhler Stevenson and Ares Management will have to go through a 'vetting' process again.
2 min read · 21 January 2013
New York’s Attorney General Andrew Cuomo has indicted Saul Meyer for allegedly making illegal payments to Henry Morris in exchange for business with the $122bn New York State Common Retirement Fund. Cuomo said he is actively coordinating with other states’ law enforcement agencies on the investigation.
4 min read · 21 January 2013
The Oregon Investment Council is asking GPs to reduce management fees, avoid charging transaction, monitoring and other deal fees, as well as to take carry only after 100% of all capital is returned to investors. It also wants LPs to have greater power to dissolve funds, remove the GP and suspend or terminate commitment periods.
3 min read · 21 January 2013
There is too much confined equity waiting on Europe’s investment market sidelines, according to the head of cross-border capital markets at property services firm Cushman & Wakefield.
2 min read · 21 January 2013
Gerry Blundell, who retired from LaSalle Investment Management following a 30-year stint with the firm, has joined the property arm of UK insurer Legal & General as a strategy advisor.
1 min read · 21 January 2013
RREEF bought a 'significant minority' stake in Aldus in 2007, at a time when Aldus founding partner Saul Meyer considered backing out of an arrangement in which his firm was allegedly paying illegal kick-back fees.
2 min read · 21 January 2013
A London-based start-up chaired by Paul Orchard-Lisle, the former senior partner of property services firm Cushman & Wakefield, wants to launch two funds targeting London as well as a China vehicle and an infrastructure fund.
1 min read · 21 January 2013
Speakers at the Terrapinn Infrastructure Investment World Americas conference in New York criticised the conventional wisdom regarding such assets as ‘too simplistic’ since brownfields, or operational infrastructure assets, can in practice be more risky than greenfields, or new development projects.
2 min read · 21 January 2013
Multi-family specialist Covenant Capital Group is targeting $300 million for Covenant Apartment Fund VI.
1 min read · 21 January 2013
