May 2011 Issue


    Month: May
    Year: 2011

    Back to Print Editions

    The PERE 30: 2011

    Consolidation, business exits and strategic shifts among general partners begin to manifest themselves in the 2011 ranking.

    INTELLECTUAL PROPERTY: The public private proposition

    Having turned to the public markets for permanent capital to grow the firm, Apollo Global faces the danger all public private equity firms have – being labelled an AUM-chaser by investors. PERE magazine, May 2011 issue

    FEATURE: Real estate sentinels

    Placement agents today are as much about finding the next generation of private equity real estate talent as they are about raising capital from investor. But in opening the door to new LP relationships, are third-party fundraisers setting the price too high? PERE magazine, May 2011 issue

    FEATURE: Texas guanxi

    Century Bridge has launched an ambitious platform to invest in middle-class housing across China, but the real story of this bi-cultural firm is the series of personal connections that led to its formation and current approach to business. PERE magazine, May 2011 issue

    FEATURE: Anecdotal evidence

    Real estate secondary sales are hard to track, but anecdotes are surfacing in Europe of more sales at a premium to NAV. PERE Magazine May 2011 issue.

    EUROZONE: Poisonous mushrooms

    Specialist asset managers are springing up everywhere to advise banks on maximising the value of their troublesome assets – and taking co-investment stakes to boot. This alignment, however, is not always in the best interest of the bank. By Robin Marriott. PERE Magazine, May 2011 issue.

    EUROPE NEWS: The Ronson seal

    One of the most famous UK developers has formed a club fund for property deals. PERE Magazine, May 2011 issue.

    EUROPE NEWS: The battle of ProLogis

    Corporate governance concerns at ProLogis European Properties have led to a full-blown privatisation battle. PERE Magazine, May 2011 issue.

    EUROPE NEWS: Loan-to-own goes right

    A high-profile London office is acquired by Delancey after the fund manager blocked the sale of the building. PERE magazine, May 2011 issue.

    EUROPE NEWS: Antic climax

    Benson Elliot deals direct with Banco Sabadell to take over an €80 million development site in Barcelona. PERE Magazine, May 2011 issue.

    EDITOR'S LETTER: Change in the air

    PERE magazine, May 2011 issue

    BLUEPRINT: Blue blood brothers

    Grosvenor is capitalising on a 300-year history, its royal background and its hard-won LP trust. In his first interview since becoming chief executive of Grosvenor Fund Management, Jeffrey Weingarten and the Grosvenor team explain how the firm is aiming to expand via multiple investment vehicles and potential new business lines. By Robin Marriott. PERE magazine May 2011 issue.

    ASIAVIEW: India minus the risk

    Indian real estate is a tough market to penetrate, but some players are alive to the possibility of entering via fund secondaries. PERE Magazine May 2011 issue.

    ASIA NEWS: Tomorrow the world

    Korea’s largest non-life insurance company expects to make its first international real estate investment this year. PERE Magazine May 2011 issue.

    ASIA NEWS: Good asset, bad structure

    After MSREI failed to meet its ¥278 billion debt obligation on Shinagawa Grand Central Tower last month, the keys of the Tokyo building are now with Blackstone. An immediate sale, however, is unlikely. PERE Magazine May 2011 issue.

    ASIA NEWS: Double Dragon

    ARA Asset Management might be best known for managing REITs, but it is cranking up its private fund division with the launch of its second pan-Asia opportunity fund. PERE Magazine May 2011 issue.

    AMERICAS NEWS: Silver lining

    Georgia’s failed Silverton Bank may have been taken over by the government, but New York’s Square Mile has found the silver lining in closing on its second pool of hotel loans originated by the bank. PERE magazine, May 2011 issue

    AMERICAS NEWS: Capping the deal

    As the stalking horse bidder, PCCP is in prime position to take over Capmark’s $1.1bn debt fund. PERE magazine, May 2011 issue

    AMERICAS NEWS: Bad boy bets

    After six months of foreclosure proceedings, failed joint venture negotiations and a bankruptcy court hearing, Garrison Investment Group finally wins control of a Virginia office complex. But at what price? PERE magazine, May 2011 issue