From January 2009, Apollo Real Estate Advisors will be known as Area Property Partners. Senior partner Lee Neibart explains the change and where Area's focus will be in the future. PERE Magazine December 2008/January 2009 issue
6 min read · 21 January 2013
Gary Stevens is suing his former employer, Landmark Partners, for breach of contract amid allegations the firm failed to keep a promise over compensation. PERE magazine December 2008/January 2009 issue
3 min read · 21 January 2013
The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
2 min read · 22 January 2013
The bank lost $3.9bn over the past year in its principal investment area, which includes alternatives. Goldman’s CFO said the company is well-capitalised and is being patient for good investment opportunities.
2 min read · 22 January 2013
The $17bn endowment has suffered from declining financial markets. The university says it has been establishing reserves in anticipation of 'substantial' write-downs in its private equity and real estate portfolio. Real assets, including real estate, makes up a quarter of the fund's portfolio.
2 min read · 22 January 2013
LPs in Lehman's private equity funds have retained Kirkland & Ellis and private equity advisor StepStone to guide them through the auction of Lehman's venture and private equity funds. The bank also hopes to close a deal on its real estate funds in the first half of 2009.
2 min read · 22 January 2013
LPs are turning away existing relationships as they bump up against their target allocations. Almost two-thirds will sell interests on the secondaries market to focus resources on the best GPs, according to an LP survey by Coller Capital. There has been a 'growing recognition' among LPs of the importance of being with the best GPs.
2 min read · 22 January 2013
The San Francisco-based real estate secondaries firm has appointed former SL Green/Gramercy Capital executive as LPs increasingly look to liquidate some of their real estate positions. The appointment comes as Liquid works with LPs faced with capital calls in excess of their distributions.
1 min read · 22 January 2013
The private equity firm, formerly called Joseph Littlejohn & Levy, holds a 30% stake in the Canadian company.
1 min read · 22 January 2013
Two unnamed European pensions have committed funds to the Luxemburg-based investment manager.
1 min read · 22 January 2013
