The $36.9bn endowment is reportedly planning to sell some of its holdings in private equity, hedge funds and other money managers to bring more capital in-house and be more ‘nimble’.
2 min read · 05 January 2013
San Francisco-based Liquid Realty is targeting $800 million for its fifth vehicle. If successful the fund would be the largest-ever private equity real estate secondaries fund. PERE June 2009
3 min read · 05 January 2013
As LPs struggle to deal with their own liquidity issues, real estate secondaries specialist Landmark Partners says many limited partners may be missing the ‘ultimate’ investment opportunity.
2 min read · 05 January 2013
With investor confidence sapped following the Dubai government's decision to seek a six-month “standstill” on the debt of Dubai World and Nakheel, Jones Lang LaSalle says the real danger is sovereign – not corporate – default.
3 min read · 05 January 2013
For the first time, investors in private equity real estate are turning to the secondaries market, according to Joseph Stecher, CIO of the bank's real estate fund of funds.
2 min read · 05 January 2013
The Middle East developer famous for building Dubai’s landmark palm tree island, Palm Jumeirah, has reportedly received financial assistance from the state’s $10-billion bailout programme. It comes as a government agency cancels four developers’ projects in the country.
2 min read · 05 January 2013
General partners have to ‘open their minds’ to investor concerns about fees, control and transparency while limited partners have to move away from the ‘who’s to blame’ conversations, according to David Hodes and Doug Weill.
2 min read · 05 January 2013
US mall owner Simon Property Group has bought the outlet centre operator Prime Outlets from the private equity firm founded by David Lichtenstein for a reported $700m in cash and the assumption of debt.
2 min read · 05 January 2013
Extended Stay’s board has backed the offer from Starwood, TPG and Five Mile, saying it would value the bankrupt company at $3.9bn.
2 min read · 05 January 2013
Susan Swanezy has joined Hodes Weill & Associates as partner. Swanezy was previously managing director at Credit Suisse’s Real Estate Investment Group.
1 min read · 05 January 2013
