Jenna Gottlieb
Recently-passed finance reform will put a spotlight on how private equity real estate managers market to new and existing investors. PERE Magazine October issue 2010.
If non-European real estate fund managers think the union's AIFM directive has nothing to do with them, think again. After stalling over the summer, the directive is in the final stages of negotiations.
Bruce Malott, a board member with New Mexico's Educational Retirement Board, took a personal loan from the father of a placement agent doing business with the pension.
GPs face a host of challenges as they look ahead to 2011 and beyond – not least regulation from governments globally. In the US, regulations impacting GPs, including the Volcker Rule and required SEC registration, have been pushed through, while Europe’s Alternative Investment Fund Managers directive has stalled. PERE magazine Fund Administration supplement, September 2010
Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising. The bill was co-sponsored by CalPERS.
The pension’s head of alternative investments, already on administrative leave, has resigned amid an ongoing placement agent investigation. CIO Joseph Dear will take over his role until a replacement is found.
The Washington State Investment Board’s private equity team will seek to replace Brian Roberts, who is leaving the pension fund next week.
The $14bn system revealed a placement agent, Glen Sergeon, with a connection to its former CIO, did more work than any other agent since 2004. The pension found no evidence of pay-to-play activities.
The pre-2008 trips - paid for by private equity and real estate GPs - related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.
The pre-2008 trips - paid for by private equity and real estate GPs - related only to firms in which the US pension owned a management stake or on whose LP advisory boards it sat.