Fundraising

Federated Department Stores sells the Lord & Taylor retail chain to an Apollo partnership for $1.2 billion.

Secondary investor Liquid Realty Partners adds a new director of portfolio management as its business grows overseas.

The New York-based firm raises a record $5.3 billion private equity real estate fund.

Though opportunity fund managers continue to bemoan the competitive state of the US market, their actions on the ground seem to contradict their words. By Paul Fruchbom

Zou Tao, housing crusader 2006-07-01 Staff Writer Zou Tao, a resident of the city of Shenzhen in Southern China, may not have known what he was stepping into when he first called on Chinese citizens to stop buying real estate. The 32-year-old golf equipment dealer first published an open letter on his intern

Landmark status 2006-07-01 Staff Writer The Great Pyramid of Giza, the last remaining of the Seven Wonders of the Ancient World, was built, by the most widely accepted archaeological accounts, for the Egyptian pharaoh Cheops and completed around 2560 BC. Though experts differ wildly on the number of laborers

The recently listed KKR Private Equity Investors vehicle creates an immediate pool of nearly $2bn for KKR’s 2006 Fund – a major boost to the firm’s ongoing fundraising effort.

As the US baby boomers retire, the senior housing sector is drawing renewed interest from investors. But as many learned in the 90s, senior housing isn't your typical real estate play. By Dave Keating

The battle for Toys “R” Us was one of the most hotly contested transactions of last year—can the victors walk away unscathed? By Paul Fruchbom

Founded in 1974, Harvard Management Company (HMC) is a subsidiary of Harvard University responsible for managing the University's endowment, pension assets, working capital and deferred giving accounts. Generally regarded as one of the most astute investors in the alternative asset sector, HMC currently oversees approximately $26 billion in assets, $2.2 billion of which is invested in real estate. David Ferrero, who originally joined HMC in 1997, co-manages HMC's opportunistic real estate portfolio. Here, Ferrero talks about the current state of the real estate fundraising market, Harvard's “clarity of mission” and the importance of listening to your LPs.