Invesco and Oaktree have secured commitments from the $126bn New York State Common Retirement Fund. The pension also committed $160m to four private equity funds.
2 min read · 05 January 2013
Last year, in one of the toughest fundraising environments ever, GPs raised only $30bn in capital. 2010 could be just as difficult – especially if more investors opt out of the commingled fund model.
2 min read · 05 January 2013
Roughly 60 commingled property vehicles closed on commitments last year, raising $30.4bn – a 66% reduction from the peak of 2007. More than a third of all funds closed were targeting Europe.
2 min read · 05 January 2013
Lawmakers want the UK to fight the EU's proposed AIFM directive, arguing the rules would 'damage' the UK private equity industry.
3 min read · 05 January 2013
Glenmont Capital founding partner Larry Kestin expects lenders to get more realistic over prices in 2010. The firm recently acquired a Florida hotel from a bank after the borrower filed for bankruptcy.
2 min read · 05 January 2013
The $11bn teachers pension system is looking to put about $200m to work this year in four or five private equity funds.
1 min read · 05 January 2013
Barack Obama wants to clamp down on bank-sponsored private equity funds. It could mark the end for such vehicles in the US. By Zoe Hughes
3 min read · 05 January 2013
There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.
10 min read · 05 January 2013
Ex-Federal Reserve chairman Paul Volcker says banks need to choose between being bank holding companies and housing private equity platforms. Citi, meanwhile, may divest its $8bn PE unit.
3 min read · 05 January 2013
The Dallas-based private equity firm has reportedly raised $1.2bn for its two new funds, including $500m for Lone Star Fund VII and $725m for Lone Star Real Estate Fund II.
1 min read · 05 January 2013
