The chairman of Permira says he has never experienced such a ‘lack of clarity’ over the economic outlook and has warned investors that things may get worse before recovery. Megadeals will be replaced by smaller investments for 'a very long time', he says.
1 min read · 21 January 2013
LPs must seize current market conditions as a chance to push back on terms and secure better alignment of interests, Joe Dear said at a conference in LA. Fellow panelist Harold Bradley, CIO of the Ewing Marion Kauffman Foundation, lamented 'we are feeding a fee machine'.
2 min read · 21 January 2013
A proposed European directive differentiates between private equity and hedge funds, but has sparked concern among the European mid-market that managers and portfolio companies will be burdened with ‘costly and unwarranted’ reporting standards.
2 min read · 21 January 2013
The former senior management team of London based industrial property company GPT Halverton have set up their own investment business, M7 Investment Management.
1 min read · 21 January 2013
As a kick-back scandal involving several public pensions grows in the US, LACERS is the latest pension to draft a disclosure policy for placement agents and other third-party marketers.
3 min read · 21 January 2013
Jon Thompson has joined the firm in the London office to help with fundraising and client functions for the planned real estate fund to be managed by New York-based Apollo Global Management.
1 min read · 21 January 2013
Perseus Realty Partners has brought on Bill Trimble as its first chief operating officer to oversee administrative functions and investor relations as the firm grows.
1 min read · 21 January 2013
The largest pension in the US has charged its staff with creating a disclosure policy for placement agents and their fees after it was revealed that CalPERS has ties to a kick-back scandal involving the New York State Common Retirement Fund.
3 min read · 21 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 21 January 2013
London based law firm SJ Berwin is planning to open an office in Dubai, the first for the firm in the Middle East.
1 min read · 21 January 2013
