News & Analysis

The PERE 30 2008-05-01 Staff Writer <strong>THE PERE 30:</strong><br /> <table> <tbody> <tr> <td> </td> <td> </td> <td> </td> <td>Capital raised over</td>
After almost 20 years investing for private high-net-worth clients, famed Irish property firm Quinlan Private has moved into private equity style fund management. Chief executive officer Olan Cremin and chief financial officer Ronan O'Donoghue tell PERE how the asset manager has become institutionalized. By Robin Marriott
The fund has closed at $1.2 billion, having attracted 16 LPs in Europe, North America, Asia and the Middle East. By Dave Keating
The new fund has been established by US hedge fund Fursa, Indian infrastructure financing company SREI and Indian holding company Prima Donna.
The Singapore firm has set up a joint venture in Germany to attract commitments from European institutional investors keen to invest in Asian real estate.
Much of the global credit crunch's effects on Asian economies have been reflected in the public markets. The fact that it seems to have disproportionately affected real estate equities may be of concern to property investors. By Dave Keating
Fresh from its failed attempt to acquire UK insurer Friends Provident, the US private equity firm JC Flowers has teamed up with Grove International and Shinsei Bank to buy a 25 percent stake in German bank, Hypo Real Estate.
GSLM Capital Partners, the urban investment fund set up by Goldman Sachs’ Urban Investment Group and construction firm L&M Development, refuses to rule out future third party fund management as it unveils its mission to help turn around underserved communities.
The $34 billion Pennsylvania State Employees’ Retirement System announces four new private equity and real estate commitments. The pension plan, which represents more than 215,000 members, has now reached its target allocation for the two asset classes.
ING Clarion, Grupo Carrousel and Operadora Punta Maroma partner to develop luxury ocean front resort along Mexico’s Riviera Maya in a bid to capitalize on increasing demand from the US baby boom generation.
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