Bank of America Merrill Lynch related stories
All articles and analysis
Friday Letter Going, going, goneMost of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.
- Advancing to final close
Raising a private equity fund in 2010 is not a task for the fainthearted – long gone are the days when GPs could easily double fund sizes and rely on re-ups. With colour-coded references to the Capital Pursuit! board game in April’s issue, PEI examines a selection of the complex issues one must navigate in today’s global fundraising market.
- PERE ASIA ROUNDTABLE 2010: Sino watching
Events in China’s economy increasingly are rivalling those in the US, according to this year’s roundtable participants. Still, they are more preoccupied with how the investor community at large is eyeing their industry. PERE Magazine December/January 2010/2011 issue.
- SPECIAL REPORT: The resort before last
Bank of America Merrill Lynch’s agreement to a $650 million settlement with the LPs of its Asia real estate fund has caused the entire sector to sit up and take notice. PERE Magazine November 2010 issue.
- EDITOR'S LETTER: Dark side of the cycle
PERE magazine, February 2010 issue
- Cerberus-backed LNR pursues $400m restructuring plan
LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.
- Blackstone brings BoA Merrill Lynch ‘third party’ exit closer
In the latest sign that the investment banking sector is withdrawing from managing private equity real estate funds, Bank of America Merrill Lynch has agreed a deal to hand over the management of the assets in its $2.65 billion Asian Real Estate Opportunities Fund and other real estate assets to The Blackstone Group.
- Evercore continues expansion with MJC Associates tie up
Evercore Partners, the investing banking advisory firm, has acquired MJC Associates, a commercial real estate advisory practice, in its home city of New York.
- Talisman throws its hat into UK opportunity ring
A group of UK real estate investment professionals have teamed up to form Talisman Capital, an investment firm set up to capitalise on the ‘current weakness in the UK property market’.
- Report: BoA to re-grow Merrill Lynch funds platform
The bank is reportedly hiring people for the real estate funds group ahead of further capital raisings. PERE first revealed in December how BoA shelved plans to exit the management of its Asia real estate funds platform.