Timothy Recker has taken over the chairmanship of the Institutional Limited Partners Association from outgoing chair Joncarlo Mark of CalPERS.
2 min read · 24 January 2013
The New York-based value-add investment firm eyes the commercial real estate workout space as it partners with Green River Capital to form UrbanAmerica Res Services.
1 min read · 24 January 2013
Silverpeak Real Estate Partners has been launched as the new independent investment advisory business to the former Lehman Brothers Real Estate Private Equity funds. Brett Bossung and Mark Newman, former co-heads of the Lehman Brothers platform speak to PERE about the past, present and future.
2 min read · 24 January 2013
A group of nine traders, led by Bob Howard, will join KKR in New York, setting the stage for the alternative investment giant to build a major hedge fund operation.
2 min read · 24 January 2013
Gordon DuGan, former chief executive, plus three other former senior executives of the New York-based sale and leaseback specialist have formed Northcliffe Asset Management to pursue a similar strategy
2 min read · 24 January 2013
The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.
1 min read · 24 January 2013
Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.
1 min read · 24 January 2013
David Gilbert, the firm’s managing director and portfolio manager, has been named chief investment officer after Jeffrey Barclay (pictured) left to head Goldman Sachs’ expansion into core real estate.
2 min read · 24 January 2013
Under a pilot programme launched by the Shanghai government, so-called qualified foreign limited partners will be able to commit up to 50% of one onshore fund’s capital. Beijing and Tianjin are also said to be awaiting approval for the same programme.
2 min read · 24 January 2013
Quadrangle co-founder Steve Rattner said in an online interview that his involvement in the New York state pension pay-to-play scandal investigation has been the most painful event of his career.
2 min read · 24 January 2013
