BlackRock related stories
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UK told to oppose Euro private equity clampdownLawmakers in the UK have urged the British government to reject European proposals for wide-ranging regulation of the alternative funds universe as they currently stand, especially if there is no comparable legislation in the US.
- New York ploughs $150m into PPIP funds
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.
- House of Lords slams AIFM
Lawmakers want the UK to fight the EU's proposed AIFM directive, arguing the rules would 'damage' the UK private equity industry.
- Made-to-measure
How leaner times have increased LP demand for ‘tailor-made’ separate accounts
- AMERICAS NEWS: PPIP wiggle room
Marathon Asset Management is the latest manager to hold a first close on its PPIP fund. PERE Magazine December 2009-January 2010 issue.
- Five Mile gains 50% stake in iconic NYC building
A debt-for-equity swap has given the Connecticut-based private equity and real estate firm a substantial stake in the former New York Times headquarters.
- TCW public-private fund frozen by US government
The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.
- PREA: No large scale US programme for commercial real estate
The US government has no plans to launch another "large-scale" bailout programme for the commercial property sector, but could help through TARP if the industry faces serious problems, the PREA conference was told today.
- RLJ: PPIP will help achieve ‘price discovery’
The founder of RLJ Companies, Robert Johnson, says the US bailout programme will help establish a market price for real estate-related securities – and potentially for banks’ other real estate assets. "It’s not a total panacea but it will help banks that are trying to find market pricing."
- US Treasury selects Angelo Gordon, GE Real Estate for PPIP
The US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.