KKR has a titanic reputation in the world of private equity, having grown into a global business with $61 billion in assets under management. Its hire of Ralph Rosenberg turned lots of heads, but it will be some time before its real estate division catches up. PERE Magazine April issue 2010.
New players enter the European real estate finance market as some established lenders pare back. PERE Magazine, April 2011 issue
The introduction of legislation to create a covered bond market in the US could help to fill the financing gap, but the question is whether it will receive Congressional and ultimately industry support. PERE Magazine, April 2011 issue
The mega-deals struck in the boom period of 2005 to 2007 look set to confound the critics and outperform the market, writes Skandia Life’s head of buyouts, Adalbjorn Stefansson.
GPs that rose with the credit bubble and fell when it burst, and that are coming to market this year to raise funds, are unlikely to gain the kind of support necessary to hit their targets, writes Christopher Witkowsky.
The middle class in Brazil continues to grow, boosting the opportunities for private equity in the consumer and retail sector in the country, writes Seth Zalkin.
Several firms have successfully attracted capital from limited partners in an uncertain fundraising environment. Success in closing their funds on or above target – in relatively short periods of time – has to do with several factors, but the common denominator is always performance. Here, we look at a few of the groups finding favour with limited partners. Christopher Witkowsky reports
Korda Mentha has acted as receiver for a number of distressed Australian toll roads, most recently Brisbane’s ill-fated Clem7 tunnel. Partner Martin Madden talks through a typical process and explains how some lenders can profit from it.
Dexia Credit Local, the French arm of European bank Dexia, has hired Terry Sanabria in New York to lead its distribution of project and infrastructure financings.
There is good money to be made when infrastructure concessionaires collapse – just look at how quickly hedge funds replaced the 24 lenders on the hook for Australia’s Clem7 toll road.