The Oregon Investment Council approved a $400m commitment to Lone Star, partly because the firm altered its fee structure and governance procedures to be more ‘LP friendly’.
2 min read · 21 January 2013
Around 116 opportunistic funds were seeking to raise $109bn in capital as of August, according to Clerestory Capital Partners. By Q2, 47 funds targeting $35.5bn failed to come to market or were put on hold, particularly emerging market strategies.
2 min read · 21 January 2013
The industry is preparing itself for the opportunity of a lifetime. But will the opportunity be as big as everyone believes? By Zoe Hughes
2 min read · 21 January 2013
Stephen Coyle, chief investment officer for Cohen & Steers' real estate funds of funds business, says many private funds will become 'zombies' as they attempt to hang onto over-levered assets with declining values.
2 min read · 21 January 2013
The investment management firm says Dualinvest will raise £25 million to invest in residential property currently held by developers and housebuilders.
1 min read · 21 January 2013
The London-based independent investment bank aims to buy hotels across Europe sold by owners struggling to pay their debts.
1 min read · 21 January 2013
Former Lehman Brothers, UBS and ING REIM man Wilson Lee sets up his own platform targeting real estate debt and direct investments in Western Europe. First Growth Real Estate Capital will operate from London and Paris.
2 min read · 21 January 2013
Club-style vehicles have won plaudits for attracting otherwise unsure investors. But will sellers be impressed? By Jonathan Brasse
3 min read · 21 January 2013
Distressed property owners will be allowed to talk to special servicers about restructuring securitised loans before imminent default without triggering tax penalties. The move has criticised for reinforcing the “extend and pretend” attitude of the financial industry.
2 min read · 21 January 2013
The Swiss-based firm has successfully closed on €275m for a global real estate fund. The firm aims to buy in both mature and emerging markets and has already bought eight investments in China for the vehicle.
2 min read · 21 January 2013
