Regulation & Legal

Carlyle promotes real estate execs to managing director

The Washington DC-based firm has named 15 new managing directors, including Andrew Chung, Barbara Murphy and Edward Samek, alongside 20 promotions to principal/director.

Shanghai publishes guidelines to QFLP programme

The Pilot Measures leave many of the questions around foreign LP investment into RMB funds unanswered, but they contain good news for foreign GPs managing RMB funds

Heitman hires GE Europe director

The Chicago-based firm has appointed David Brodersen as a portfolio manager for its €350m value-added fund HEPP III, to be based in London, reporting to Otis Spencer.

E&Y promotes replacement for Koster

The accounting and financial firm has appointed Mark Grinis to global head of its real estate fund services, after Gary Koster’s move to the private equity practice.

Report: Beijing secures approval for QFLP scheme

The Chinese capital has reportedly joined Shanghai in securing the necessary backing from China’s central government to launch a currency conversion programme for offshore LPs. Further detail on Shanghai’s QFLP scheme has also emerged.

LaSalle, CBRE picked by ‘lifeboat’ fund for global RE role

The UK Pension Protection Fund has hired LaSalle Investment Management and CBRE Investors as advisors as it continues a global push into alternatives

Rattner settles New York pension probe

Former Quadrangle chief Steve Rattner has agreed to pay $10m and be banned from appearing before New York public pensions for five years.

LPs ignore emerging markets at their 'peril'

Investors will ‘sacrifice’ returns and diversification if they overlook China, Brazil and India. However, targeting the three countries’ real estate markets demands a longer-term investment horizon and plenty of due diligence.

Abraaj completes first deal for RE fund ASAS

The Dubai-based private equity firm has chosen an office building in Egypt as the first acquisition for its income-generating properties fund, ASAS.

LPs ignore emerging markets at their ‘peril’.

Investors will ‘sacrifice’ returns and diversification if they overlook China, Brazil and India. However, targeting the three countries’ real estate markets demands a longer-term investment horizon and plenty of due diligence.