Reed’s amendment to the Senate’s financial regulatory reform bill would require private equity and venture capital fund managers with more than $100 million adviser to register with the SEC. The amendment would also ensure that the new advisor registration threshold does not weaken existing oversight.
2 min read · 24 January 2013
Former US Treasury Secretary Henry Paulson does not support the Volcker rule, nor does he believe it would have saved any failed banks during the financial crisis.
2 min read · 24 January 2013
The US REIT has withdrawn its acquisition and recapitalisation proposals for bankrupt mall REIT General Growth Properties, alleging the firm ‘hastily’ decided to transfer hundreds of millions of dollars of value to the Brookfield-led consortium plan.
2 min read · 24 January 2013
Following a tumultuous 2009 for global real estate, 2010 is already showing significant signs for optimism, according to property services firm DTZ in its annual “Money into Property” report.
2 min read · 24 January 2013
Townsend this week threw down the gauntlet to fund of funds managers by hiring ex-ING multi-manager head Nick Cooper, raising concerns among fund of funds managers about losing business.
3 min read · 24 January 2013
Ping An Insurance has received regulatory approval to purchase TPG’s 17% stake in Shenzhen Development Bank. The acquisition will be paid in Ping An shares and looks set to make TPG at least an 8x return on its initial investment.
2 min read · 24 January 2013
Mount Kellett Capital Management, the global private equity firm started by Mark “Goldfinger” McGoldrick in 2008 has hired real estate executive James MacNamara in London.
2 min read · 24 January 2013
The Private Equity Council’s president, Doug Lowenstein, said at a conference Wednesday a tax hike on carried interest in the US is likely to pass – and it’s just one of several tax measures that will hit GPs in the wallet.
3 min read · 24 January 2013
The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.
1 min read · 24 January 2013
Usual suspects London, Hong Kong and Tokyo still top the most expensive list, according to a survey by CB Richard Ellis. Global rents have fallen 4.6% from one year ago.
2 min read · 24 January 2013
