Founded in 1974, Harvard Management Company (HMC) is a subsidiary of Harvard University responsible for managing the University's endowment, pension assets, working capital and deferred giving accounts. Generally regarded as one of the most astute investors in the alternative asset sector, HMC currently oversees approximately $26 billion in assets, $2.2 billion of which is invested in real estate. David Ferrero, who originally joined HMC in 1997, co-manages HMC's opportunistic real estate portfolio. Here, Ferrero talks about the current state of the real estate fundraising market, Harvard's “clarity of mission” and the importance of listening to your LPs.
Private equity and real estate investors have acquired a UK private hospital operator for £2.2 bn.
THE 4 FOOD GROUPS 2006-06-01 Staff Writer <strong>RESIDENTIAL<br /> Where the grass is greener</strong><br /> In the movie <italic>Caddyshack</italic>, Rodney Dangerfield's character proclaims that the two biggest wastes of real estate are golf courses and cemeteries. Th
From ink stains to satellite feeds 2006-05-01 Staff Writer In 1995 Reuters moved its journalism operations away from Fleet Street, the stretch of London pavement that was once home to the capital's bustling, 300-year-old daily journalism trade. One-by-one, the newspapers and wire services had all moved away;
Private equity firms around the world have become active investors in the theme park industry—will they be able to handle the G-forces? By Paul Fruchbom
Due to both political and economic issues, the introduction of German REITs is progressing slower than expected. To compete with the rest of Europe's publicly listed real estate market, however, the country cannot afford to lose any more time. By Dr. Michael Kreft
Long a staple in Japan and the US, real estate investment trusts are gaining ground throughout Europe—with varying results. By Aaron Lovell
THE 4 FOOD GROUPS 2006-05-01 Staff Writer <strong>RETAIL<br /> Go directly to jail, do not pass go</strong><br /> Downtown Brooklyn may be a hot location for real estate these days, but residents may not have realized just how hot it was until recently: The city is currently thinkin
Through acquisitions and new platforms, real estate investment trusts and private equity real estate funds are increasingly crossing paths. By Aaron Lovell
As the gaming industry expands, private equity has been increasingly tempted to bet on gambling's global boom. But like the act of gambling itself, casinos remain a risky proposition. By Dave Keating