Justice Richard Lowe refused to make a ruling today on the legality of a mezzanine foreclosure of the 80-acre multifamily complex, as senior and junior lenders fought over who had the right to ‘drive the bus’.
3 min read · 24 January 2013
According to a joint study by industry specialist recruitment consultancy Sousou Partners and PERE magazine, pay packets for employees at private equity real estate firms are beginning to increase again, but are still a way off pre-credit crunch levels
2 min read · 24 January 2013
GPs face a host of challenges as they look ahead to 2011 and beyond – not least regulation from governments globally. In the US, regulations impacting GPs, including the Volcker Rule and required SEC registration, have been pushed through, while Europe’s Alternative Investment Fund Managers directive has stalled. PERE magazine Fund Administration supplement, September 2010
7 min read · 24 January 2013
Offshore LPs invested with China-based private equity managers are concerned at the conflict of interest between USD-denominated vehicles and their RMB-denominated counterparts. But what can be done? Jenny Blinch reports.
9 min read · 24 January 2013
The drama surrounding the relationship between CalPERS, Apollo and controversial placement agent Alfred Villalobos continues. Investment staff at the $206bn pension allegedly questioned the relationship as long ago as 2006.
3 min read · 24 January 2013
The China Investment Corporation launched a recruitment drive recently as it expands overseas, but only wants Chinese Communist Party members that are good at keeping secrets. PERE Magazine September 2010 issue
1 min read · 24 January 2013
Blackstone is piloting a new interactive LP portal that will allow investors to delve into the firm’s performance data across asset classes, geographies and sectors like never before. It will also allow LPs to import data from other GPs into the Blackstone system. PERE magazine Fund Administration supplement, September 2010
8 min read · 24 January 2013
A lack of industry reporting standards have resulted in LPs receiving a hugely divergent amount and type of information from each of their GPs. Is it time for some industry standards? PERE magazine's Fund Administration supplement September 2010
7 min read · 24 January 2013
GPs and private equity real estate fund administrators are under pressure from all sides with increased LP reporting requirements, greater regulation, higher taxes and even more complex deals. The challenges being faced today are part of the natural evolution of an institutional asset class. PERE magazine's Fund Administration supplement September 2010
10 min read · 24 January 2013
Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising. The bill was co-sponsored by CalPERS.
2 min read · 24 January 2013
