Club rules

As opportunity funds get bigger and bigger - and their targets more diverse - how enticing will club deals become?

A select clubRecent private equity real estate club transactions

Target Private equity real estate consortium Size (bn) Date
Toys 'R Us Bain, KKR and Vornado Realty $6.6 Mar-05
Heritage Fields Blackacre, MSD Capital, Rockpoint $0.6 Feb-05
Mervyn's Cerberus, Lubert-Adler and Sun Capital $1.2 Aug-04
Canary Wharf Goldman Sachs and Morgan Stanley £1.7 May-04