How to get the most benefit from public-private partnerships? It’s a question the whole of the US is wrestling with. In early June, Infrastructure Investor staged our annual Southeast Forum to find out how Florida, Georgia and Puerto Rico are becoming PPP pioneers.
7 min read · 24 January 2013
As Morgan Stanley Real Estate Investing looks to invest its $4.7bn opportunity fund, the firm’s CEO of Japan, Yoshihiko Shigenari, says ‘speed and leverage’ are no longer the most critical elements of a deal. In China, MSREI’s head of Asia, Hoke Slaughter, says development deals ‘could make sense’.
2 min read · 24 January 2013
After closing its latest opportunity fund on $4.7bn, Morgan Stanley Real Estate Investing believes the US debt space will be an marketplace for the firm. MSREI’s head of Americas and global head of debt investing speaks to PERE.
2 min read · 24 January 2013
A new, new tax compromise makes carried interest even more legit.
2 min read · 24 January 2013
BMB Group, founded by Rayo Withenage and Brunei’s Prince Abdul Ali 'Yil-Kabier, has invested an undisclosed sum in Contrarian Capital Partners and its subsidiary Beacon Hospitality Partners SARL. In separate news, former CEO of Irvine Company Michael McKee has joined advisory firm Kennedy Associates as chief executive.
2 min read · 24 January 2013
An investment policy approved by the trustees of the Florida State Board of Administration will give the state’s $110bn retirement system the flexibility to invest up to 2% of its assets in infrastructure. The move is part of a broader portfolio transition that shifted about 10% of allocations away from listed equities and fixed income towards alternatives.
3 min read · 24 January 2013
But the immediate focus of the state’s one-year-old PPP programme is to deliver the West by Northwest project, Georgia Department of Transportation Commissioner Vance Smith said at the Infrastructure Investor: Southeast forum.
3 min read · 24 January 2013
The senior management of HSBC’s infrastructure and real estate arm is in talks with the parent bank regarding a management buyout. The deal would leave HSBC with a 20% stake in its specialist unit and would pre-empt expected regulatory changes that could impact banks’ ownership of private equity vehicles.
2 min read · 24 January 2013
Racebrook Capital, which is still raising its first discretionary real estate fund, is eyeing the massive amount of CMBS product that is due or coming due, following reports of record delinquencies.
2 min read · 24 January 2013
In July, PERE magazine will profile 10 influential women in real estate, predominantly deal professionals and institutional investors with the ability to deploy significant amounts of capital. These glass-ceiling breakers are helping change the perception that real estate is a man’s world.
2 min read · 24 January 2013
