Aberdeen Property Investors raised just half its target for its second Asia fund of funds. The firm is now playing defence as it tries to ensure the capital is invested wisely, including keeping a 'reserve' to address future risks. PERE June 2009
Colony is doing the unconventional again – considering an investment in a troubled developer in a part of Europe that has just posted its first fall in real estate markets in 10 years. PERE June 2009
Managing a private fund has gotten so tricky that one UK property company has gone public to avoid the headaches of dealing with LPs. PERE June 2009
Citi Property Investors has seen the departure of another seasoned professional - global head of marketing and client relations John Bottomley. Bottomley has joined New York's Rockefeller Group. PERE June 2009
GoldenTree has capitalised on the credit crisis by picking up a 50 percent stake in one of Sao Paulo's most desired addresses. PERE June 2009
Interest by foreign investors in US real estate, particularly from German property funds, is bringing greater competition to the market. PERE June 2009
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
The exodus of foreign GPs from Japan over the last few months shows many have been unable to endure the wait required to see this notoriously tough private equity market fulfil its potential. However, not everyone there is faring badly – and the economic downturn may even be opening more doors for private equity. Emma Cusworth reports.
With LP defaults becoming a more common occurrence, GPs need to understand all the implications of these events for the management company, for the fund, and for the other investors.
The European Commission has released a detailed plan to regulate alternative investment funds, one that would require significant disclosures from private equity funds.