May 2010 Issue
The PERE 30: 2010
PERE magazine’s ranking of the 30 largest private equity real estate firms in the world.
MIDDLE EAST NEWS: Middle Eastern retreat
Recently rebranded Invest AD has shelved plans for a Middle East real estate fund after failing to lure international investors. PERE Magazine May issue 2010.
INTELLECTUAL PROPERTY: Public market envy
Private real estate funds are eyeing taking the portfolio public as they face sunken values and a moribund fundraising market. Will the public market’s attraction prove short-lived? PERE magazine May issue 2010
EUROZONE: Fund of funds vs. consultants
Multi-managers are privately discussing an issue they rarely raise in public for fear of losing business: investment consultants who say they can do a better job. PERE Magazine, May issue 2010.
EUROPE NEWS: Debt mix and match
The property arm of UK insurer Legal & General is offering investors the chance to select different levels of gearing in its latest vehicle. PERE Magazine, May issue 2010.
EUROPE NEWS: Ireland's slow grind
Why private equity real estate firms hoping for a slew of deals out of Ireland’s ‘bad bank’, the National Asset Management Agency, are not holding their breath. PERE Magazine, May issue 2010.
EUROPE NEWS: MSREF’s old hand
Olivier de Poulpiquet is returning to Morgan Stanley Real Estate Investing to head up its business in Europe. The appointment is helpful for Morgan Stanley, but also highlights the difficulty of finding someone without legacy issues. PERE Magazine, May issue 2010.
AMERICAS NEWS: Revelling in distress
TRECAP Partners has taken over the management of Capmark Investments’ real estate equity funds business, including its 29-strong team. PERE magazine May issue 2010
AMERICAS NEWS: Texas increase ‘em
Texas Employees’ Retirement System is quadrupling its exposure to real estate, with plans to deploy up to $1bn in the next two years. PERE magazine May issue 2010
AMERICAS NEWS: ‘Hungry for the challenge’
Credit Suisse has merged its real estate placement group into its private equity fundraising arm following the surprise departure of more than a dozen professionals. But the Real Estate Private Fund Group is not down and out. PERE magazine May issue 2010
BLUEPRINT: Continental stars
Starwood Capital Group has returned to UK and mainland European investing for the first time in three years. Robin Marriott meets Sean Arnold and Desmond Taljaard, the pair behind the comeback. PERE magazine May issue 2010
ASIAVIEW: Probing China’s bubble
Private equity real estate firms consider their options as China’s real estate market continues to heat up. PERE Magazine, May issue 2010.
ASIA NEWS: RREEF’s Asia view
Despite the departure of a number of senior executives from RREEF’s Asia business, the firm maintains expansion in the region is still on the cards. PERE magazine May issue 2010.
AMERICAS NEWS: When size doesn’t matter
Penn Square has closed its second fund of funds vehicle on $145m – and is investing in one of the biggest real estate club deals going, Brookfield’s turnaround consortium. PERE magazine May issue 2010
ASIA NEWS: In the Loup
The chief executive of Grosvenor’s Asia business explains how the London-based investment and fund management firm has capitalised on China’s real estate pricing boom. PERE Magazine May issue 2010.
ASIA NEWS: ING plays white knight
The Asia arm of ING Real Estate Investment Management is forming a habit of rescuing real estate funds in distress. PERE Magazine May issue 2010.