Bank of America Merrill Lynch related stories
All articles and analysis
Mercury bolsters teamIn addition to hiring Rennyson Merritt as a partner in Boston, the Merrill Lynch private placement spinout has added six other professionals to its team recently.
- Blackstone holds $4bn first close for Fund VII
The New York firm has taken just four months to raise more than a third of its $10 billion target for the incoming real estate opportunity fund. Separately, it also is in talks with Bank of America Merrill Lynch to buy the remaining real estate from its global real estate principal investments platform.
- AEW Europe appoints head of private equity funds
Russell Jewell, former Merrill Lynch Global Principal Investments head of Europe, has joined AEW. Chief investment officer, Rob Wilkinson, said the firm looked forward to building its private equity platform ‘as market appetite for value-add and opportunistic products increases’.
- Lend Lease charts expansion into infra fund management
The property developer has hired former Merrill Lynch managing director Duncan Taylor to build a fund management platform in Australia, where Lend Lease recently acquired Bilfinger Berger’s Australian business and has teamed up with a group of former Babcock & Brown pros to source deals.
- Apollo, AREA bid for Charter Hall’s $1.68bn US office portfolio
The two New York private equity real estate firms are vying to buy a US portfolio of 14 offices from the Sydney-based real estate fund manager’s Charter Hall Office REIT after its hedge fund investors reportedly pushed for a sale.
- Merrill Lynch spinout secures first UK deal
Peakside Capital, which took over the management of two former Merrill Lynch real estate opportunity funds in Europe last year, has acquired an office in London on vacant possession.
- The changing face of the PERE 30
Wall Street’s retreat from the world of private equity real estate is manifest in this year’s PERE 30 ranking.The ranking also demonstrates how firms closer to the private equity world are beginning to fill the void.
- Versus targets new fund of funds at retail investors
Looking to raise $750m from tens of thousands of retail investors, the publicly registered vehicle will invest primarily in open-ended, core and core-plus property fund managers. However, the model could be expanded to closed-ended, value-added and opportunistic GPs in the future.
- News analysis: Ireland’s dichotomy
Increased leasing of office space in Dublin underlines why some private equity real estate firms think Ireland is an opportunity despite its glaring problems.
- BoAML’s global real estate principal investment head leaves
Doug Sesler has departed from his position as global head of real estate principal investments at Bank of America Merrill Lynch. His departure comes as the Wall Street bank nears the wind-down of the platform.