In order to meet future liabilities, the Asia Pacific Real Estate Association has called on pension funds in the region to mirror their US and European counterparts which have asset allocations to real estate of up to 10%.
2 min read · 24 January 2013
The Belgian presidency has offered a five-year dual approach to the AIFM's proposed third country rules, in an attempt to find harmony between competing EU Parliament and Council proposals.
4 min read · 24 January 2013
The special servicer representing senior lenders to the New York residential complex are reportedly in talks with Pershing Square and Wintrop Realty over buying $300m of mezzanine debt.
2 min read · 24 January 2013
Recently-passed finance reform will put a spotlight on how private equity real estate managers market to new and existing investors. PERE Magazine October issue 2010.
3 min read · 24 January 2013
Private equity firms are doing more in Europe than simply looking to buy loan portfolios from financial institutions – they want to buy whole banks. By Robin Marriott.
3 min read · 24 January 2013
The LP-focused industry group plans to issue guidelines for capital calls, distribution notices and portfolio company quarterly reports.
1 min read · 24 January 2013
GIC, the sovereign wealth fund of Singapore, said its exposure to alternative assets had dropped to 25 percent at March 31, 2010 from 30 percent a year earlier in its annual report published this week. The drop came as a result of lagging valuations in its real estate and private equity portfolios behind its public equity valuations.
2 min read · 24 January 2013
Stephen Moseley, a former co-president of advisory firm PCG Capital Partners, is suing his former employer for 'fraudulent business practices'.
3 min read · 24 January 2013
Fearing ‘unintended consequences’ resulting from the pending directive, the world’s largest venture capital associations met up this week to discuss the industry’s concerns.
3 min read · 24 January 2013
Oppenheimer Investments Group, the Zurich-based project finance adviser, has appointed veteran private equity real estate lawyer Iain Morpeth, who spent 23 years at Clifford Chance, as its new global chief operating officer. Among his mandates, Morpeth advised on the sale of the Millennium Dome.
1 min read · 24 January 2013
