In a softening of the original proposal, the SEC has decided to prohibit only unregistered placement agents from soliciting US public pensions on behalf of private equity firms.
2 min read · 24 January 2013
A bill that would have prohibited CalSTRS and CalPERS from investing with managers employing “predatory investment practices” failed to pass in a California Senate committee Tuesday.
2 min read · 24 January 2013
David Snow explains why Goldman’s huge principal investment area will remain safely in-house.
3 min read · 24 January 2013
The government has eliminated its previous 5%, 15% and 25% cap on pension plan investments in real estate and Canadian resource properties, with expectations the rule could result in rising allocations to the asset class.
2 min read · 24 January 2013
Thomas Barrack reportedly admits the timing of the US casino operator’s $5.4bn take-private in November 2007 was poor, telling Bloomberg Markets the firm was now focused on smaller, unconventional deals.
3 min read · 24 January 2013
The 'Volcker Rule's' impact on private equity may not be felt until 2022, and its main effect could be to reduce banks' co-investment in alternative vehicles.
3 min read · 24 January 2013
As the US Congress prepares for a final vote this week on plans to limit banks involvement with private equity real estate funds, industry professionals admit the regulations are unlikely to come into effect for more than a decade – but could significantly lower bank co-investment in alternative vehicles when they do.
4 min read · 24 January 2013
Lawmakers agreed to require private equity and private equity real estate firms to register with the SEC, while the 'Volcker rule' was softened to allow limited holdings in private equity real estate assets. A formal vote is expected next week.
2 min read · 24 January 2013
A panel at PEI Media’s compliance forum this week talked about the tough fundraising environment, placement agents and the effects forced registration would have on marketing new funds.
2 min read · 24 January 2013
The Pennsylvania State Employees' Retirement System reports returns of -29.3% for its 60 real estate portfolio investments during 2009, a period when it also paid $28.5m in management and consultant fees.
2 min read · 24 January 2013
