News & Analysis

With 30 of the nation’s transit agencies at risk of bankruptcy due to AIG-guaranteed bank loans, some members of Congress are beginning to ask for stronger oversight of PPP financings to make sure they don’t cause similar troubles for the public sector.

When Barack Obama is sworn into the White House in 2009, private equity real estate can expect some changes, among them likely increases to capital gains tax and, with it, carried interest. However his election could also prompt a greater willingness by overseas investors to invest in the US.

The $147bn US pension will decide today whether it will respond to the denominator effect by increasing the amount it is allowed to invest in real estate to 17% of total assets.

The $147bn pension has responded to the denominator effect by increasing the amount it is allowed to invest in private equity to 15% of total assets. CalSTRS has similarly bumped its real estate allocation.

The China-focused fund will invest in residential and commercial sectors to capitalise on the country’s real estate growth.

An open-ended property fund managed by UK insurance group Aviva has been forced to suspend dealings following rapid increases in redemptions. The UK fund manager's problems mirror those of German open-ended funds.

The office markets of both cities were expected to see a short-term drop in rents, with London the harder hit of the two cities over the next two years, according to a report from CBRE Investors. Long term rental growth in both cities will be driven by supply.

When Barack Obama is sworn into the White House in 2009, private equity firms can expect some changes, among them likely increases to capital gains and carried interest taxation. However, his election also could prompt a greater willingness by overseas investors to invest in the US.

The UK private equity firm sold its stake in trucking company Transports Alloin to a Swiss logistics group that is looking to expand in France.

The private equity real estate firm – which last year took on former CalPERS Real Estate head Mike McCook as advisor – has resolved an argument with the activist shareholder of its publicly-listed fund. Trikona says opportunities in Indian real estate are to be found in ‘deep value’ not distress.