Standardising reporting and valuation methods are key drivers of the IVCA's move to adopt voluntary guidelines for the Indian private equity industry. At present, each LP in a fund has different guidelines for reporting.
2 min read · 21 January 2013
It’s yet another sign that the balance of power has shifted to LPs from GPs – at least one new US fund is being structured whereby the capital commitment of the GP is subordinated to that of the LP.
2 min read · 21 January 2013
Former New York governor Eliot Spitzer, who resigned in 2008 plagued by scandal, has reemerged as a real estate investor, buying 1615 L Street in Washington, DC through the use of $42m in cash.
1 min read · 21 January 2013
Some overweight real estate deals are going to sink no matter how much rescue money is thrown at them, writes Steve Felix.
2 min read · 21 January 2013
The UK private equity firm hails the current calendar year as the year to take advantage of openings in the European property market.
1 min read · 21 January 2013
The private equity firm has agreed a £64m PIPE with Premier Foods, the UK-based owner of household food brands including Hovis, Cadbury and Bisto, which has been struggling under a £1.7bn debt mound. The investment will form part of a 1.5bn share offer intended to raise around £404m.
2 min read · 21 January 2013
The Des Moines, Iowa-based real estate firm has appointed Michael Fortier as controller and chief financial officer of the funds managed by Aviva Investors’ New York office.
1 min read · 21 January 2013
The New York private equity real estate firm discontinued its legal claim to buy the freehold of the central London residential complex owing to falling property prices. Sources told PERE the firm may launch another bid when conditions are “more favourable”.
2 min read · 21 January 2013
David Moffett has stepped down after six months leaving the US mortgage giant scrambling for an interim replacement. Freddie Mac plans to request more than $30bn in additional capital from the US government after announcing its fourth quarter losses.
1 min read · 21 January 2013
The former global co-head of asset management for Lehman Brothers private equity real estate, John McCarthy, has left to join Barry Sternlicht’s Starwood. Jeffrey Disher steps down as head of asset management to return to his earlier role leading Starwood’s acquisitions team.
1 min read · 21 January 2013
