A challenging fundraising environment is separating the “haves” from the “have nots” among fund managers, but capital raisers can still attract investors if they play their cards right, according to a group of panellists at the PERE Forum in New York.
3 min read · 18 January 2013
Global financial services firm State Street says fund managers in Europe increasingly are looking to outsource functions in the face of incoming resource-intensive EU regulation.
3 min read · 18 January 2013
US tax authorities have significantly reduced the risk of sovereign wealth funds losing their tax-exempt status should certain trading restrictions be breached.
2 min read · 18 January 2013
Accounting and consulting firm Ernst & Young has found that growing pressure from limited partners is leading to a shakeup in deal terms – particularly with regard to management fees, carried interest and returns.
3 min read · 18 January 2013
Next year promises more challenges for fund managers to invest capital and investors to meet return expectations, as well as a continuing shift toward increased investor reporting.
2 min read · 18 January 2013
A joint venture between the New York-based private equity firm and the Palm Beach, Florida-based hotel REIT has acquired the 64 hotels owned by Innkeepers for $1.02 billion. Innkeepers subsequently has emerged from Chapter 11.
2 min read · 18 January 2013
The proposed Volcker rule that moved forward this week leaves more questions than answers. Regardless, it could mean the end of bank-sponsored private equity real estate platforms as we know them.
4 min read · 18 January 2013
After ending their initial $1.12 billion deal to acquire 64 properties owned by the bankrupt hotelier, the New York-based private equity firm and Florida-based hotel REIT have reached a new tentative agreement to buy the business at a reduced price of $1 billion.
1 min read · 18 January 2013
Board members and executive staff of California’s two largest pension systems now face tough restrictions on their post-pension employment.
2 min read · 18 January 2013
The FDIC’s board voted unanimously to seek comments on the proposal through 13 January. The Federal Reserve also stated it would accept feedback by that date.
2 min read · 18 January 2013
