Roughly 35% percent or more of capital raised by placement agents comes from US public pensions, according to a veteran fundraiser, and an SEC proposal to ban placement/pension interaction could threaten the third-party fundraising business model.
2 min read · 21 January 2013
Lower capitalisation levels and shorter hold periods are among the changes to proposed FDIC bank ownership rules offered by a group of private equity firms.
4 min read · 21 January 2013
San Francisco-based Probitas Partners has capitalised on the move by hiring two of Deloitte’s former team to bolster its European business.
2 min read · 21 January 2013
The California pension giant will formalise the central role of fair value accounting in its real estate portfolio and will require external fund managers to comply with these standards.
2 min read · 21 January 2013
Amid a firm shake- up, a market-wide fundraising slowdown, and a potential ban by the SEC on certain US placement activities, CP Eaton has seen two professionals depart the firm in the span of two weeks.
2 min read · 21 January 2013
Tony James and Wes Edens have each said during earnings calls this week that their firms are eager to do US bank deals, but warned proposed FDIC policies may deter investment.
3 min read · 21 January 2013
Real estate GPs in Japan are finding that their LPs are demanding far less wriggle room in the investment mandate, writes Jonathan Brasse
2 min read · 21 January 2013
Fortress Investment Group has acquired a 50-story condo project in an uncontested foreclosure auction.
1 min read · 21 January 2013
Wesley Ogburn, a portfolio manager in charge of hedge funds at the $22bn university endowment today submitted comments to the SEC in favour of maintaining the ability of placement agents to interact with US public pensions.
2 min read · 21 January 2013
The agency is seeking comments on rules that would prohibit placement agents from dealing with US public pensions.
3 min read · 21 January 2013
