News & Analysis

The California-based placement agent also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, which is less than the $34.3bn raised last year, but more than the 2006 total of $17.9bn.

The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a 'sophisticated' move to sell before other LPs do the same.

How much confidence do LPs have in private equity? They’re begging GPs to slash valuations and scrambling to throw more cash at the asset class, writes David Snow.

Blackstone was the largest buyer of office properties globally between 2003 and mid-2008, according to a new book based on PERE’s list of the top 30 private equity real estate firms in the world. The firm bought more than 159 million square feet of office space during the period totaling $45bn.

The California-based placement agent, Probitas, also estimates that $21.5bn has been raised for infrastructure in the first nine months of 2008, less than the $34.3bn raised last year.

Jesús Olmos Clavijo, former CEO of Spanish utility Endesa, will report to Marc Lipschultz, KKR’s global head of energy and infrastructure and work alongside Simon Hipperson, managing director in its European infrastructure team in London.

Former chiefs of Blockbuster, PepsiCo and Pizza Hut will manage the fund for the Texas mid-market firm.

The US firm is deploying part of its latest global fund to establish a joint venture with Longbow Real Estate Capital to invest in UK debt and property company recapitalisations.

Industry commentator Steve Felix urges private equity real estate to let nature run its course.