The Canadian pension’s goal is to shift its private equity portfolio to 80% direct investments from the current 35%. The pension has been a direct investor in infrastructure and real estate for many years through its Borealis Infrastructure and Oxford Properties direct investment teams.
3 min read · 21 January 2013
General partners have to ‘open their minds’ to investor concerns about fees, control and transparency while limited partners have to move away from the ‘who’s to blame’ conversations, according to David Hodes and Doug Weill.
2 min read · 21 January 2013
The two private equity firms have partnered with First Republic’s management to carve out the group from BofA for a reported $1bn.
2 min read · 21 January 2013
Colony Financial and private equity real estate funds managed by the Los Angeles-based firm have provided a first mortgage loan to homebuilder William Lyons Homes.
1 min read · 21 January 2013
Shareholders have backed plans to turn the special purpose acquisition vehicle set up by NRDC in 2007 into a REIT. The SPAC, which raised $414m in its 2007 IPO, would have legally had to liquidate if shareholders had said no.
1 min read · 21 January 2013
The wide variety of reporting methods used by GPs in real estate has caused LPs to increase their data requests three-fold, a senior partner at Ernst & Young contends.
1 min read · 21 January 2013
BAA has agreed to sell the UK’s second largest airport, ending months of negotiations. Rival bids from syndicates featuring Borealis and Citi were trumped by GIP, which reportedly secured more than £1bn in debt financing.
2 min read · 21 January 2013
The São Paulo-based firm raised more than half the capital since September 2008, targeting North American and European investors. The firm will focus on office and affordable housing developments in Brazil.
2 min read · 21 January 2013
In the year to the end of June 2009, opportunistic real estate funds returned -50.3% to investors, compared to -34.4% for closed-ended value-added funds, according to the latest NCREIF/Townsend performance figures.
1 min read · 21 January 2013
Opportunistic real estate funds have reported -50% returns in the past year. But do GP-submitted fund valuations face up to the full reality of collapsed property prices? By Zoe Hughes
2 min read · 21 January 2013
