As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, warned agents play a vital role in helping his small staff identify private equity and real estate opportunities.
3 min read · 21 January 2013
The chief executive of developer, Helical Bar, has told Reuters that an unnamed firm has invested in the company as part of a recent £500 million capital raising exercise to help fund future acquisitions.
1 min read · 21 January 2013
The founder of Knight Trading is planning a series of funds that will target discounted office, multifamily and condos in the New York area and Florida. KABR’s first acquisition is AIG’s New Jersey office.
2 min read · 21 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 21 January 2013
The San Diego-based firm has appointed special servicer Gina Lambis as its targets performing and non-performing real estate loans.
1 min read · 21 January 2013
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
1 min read · 21 January 2013
A scandal in New York is causing big trouble for placement agents everywhere. PERE June 2009
3 min read · 21 January 2013
There is an iron rule of public relations during a crisis, which is that one must reveal bad news in its entirety and all at once.
2 min read · 21 January 2013
Pine Brook Road Partners, along with Goldman Sachs, JPMorgan, PartnerRe and Renaissance Re, has pumped $500m into Essent – a new private mortgage insurance company targeting US residential loans.
1 min read · 21 January 2013
As real estate investors go back to cash flow fundamentals, lenders are going one step further in underwriting loans by reviving the debt yield test.
2 min read · 21 January 2013
