Invesco and Oaktree have secured commitments from the $126bn New York State Common Retirement Fund. The pension also committed $160m to four private equity funds.
2 min read · 24 January 2013
Roughly 60 commingled property vehicles closed on commitments last year, raising $30.4bn – a 66% reduction from the peak of 2007. More than a third of all funds closed were targeting Europe.
2 min read · 24 January 2013
Last year, in one of the toughest fundraising environments ever, GPs raised only $30bn in capital. 2010 could be just as difficult – especially if more investors opt out of the commingled fund model.
2 min read · 24 January 2013
However a survey of alternative investment professionals shows four in 10 don’t expect returns to top 10% this year.
2 min read · 24 January 2013
A $209m stalking horse offer to buy 134 senior living facilities is to be recommended to bankruptcy court. The deal would also include the assumption of $945m in debt. The SEC alleged Sunwest was a “virtual Ponzi scheme” in 2009.
2 min read · 24 January 2013
INREV concludes from its 2010 Investment Strategies questionnaire that there has been a shift ‘down the risk spectrum’, with investors in unlisted funds preferring to concentrate on core property for diversification and income generation sake
3 min read · 24 January 2013
Glenmont Capital founding partner Larry Kestin expects lenders to get more realistic over prices in 2010. The firm recently acquired a Florida hotel from a bank after the borrower filed for bankruptcy.
2 min read · 24 January 2013
Jeffrey Gundlach allegedly set up his firm, DoubleLine Capital, using TCW’s client information.
2 min read · 24 January 2013
The investment gives the firm a 9.4 percent stake in the listed conglomerate and will be used to finance the expansion of the company’s insurance and healthcare businesses.
2 min read · 24 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, William Scully, managing director of Cerberus Real Estate Capital Management, and Shorenstein Properties president Glenn Shannon search for real estate clarity.
2 min read · 24 January 2013
