Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.
The Expo Real property show in Germany has been rocked this afternoon by news that Georg Funke, chief executive officer of Hypo Real Estate, has been forced to resign with immediate effect.
Many private equity real estate groups have money to spend, but no one wants to call the bottom of this crazy crazy market.
The bailout of the German commercial property lender, Hypo Real Estate - which is partially owned by private equity firms JC Flowers and Grove International - could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.
A study released by INREV at the ExpoReal conference has revealed that almost two-thirds of fund managers are reviewing the terms of their vehicles, with many set to extend. It's a 'question of timing', INREV tells PERE.
The Expo Real property show in Germany has been rocked this afternoon by news that Georg Funke, chief executive officer of Hypo Real Estate, has been forced to resign with immediate effect.
The bailout of the German commercial property lender, Hypo Real Estate - which is partially owned by private equity firms JC Flowers and Grove International - could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.
Oivind Lorentzen and Jan Naess, who control investment manager and ship agency Northern Navigation, have closed the company’s debut shipping fund. Northern previously invested in six private equity shipping funds totaling $350m through a joint venture with a German bank.
Save for the highly leveraged power industry, which has had deal activity all but freeze, GPs speaking at PEI’s Energy Forum in New York today said business is booming and credit conditions are fuelling deal flow.
Azure Capital Partners, Crosspoint Venture Partners, GRP Partners and others had invested roughly $270m in the online payment system since 2001.