June 2010 Issue

    Month: June
    Year: 2010

    Back to Print Editions

    UK ROUNDTABLE: Contemplating stagnation

    The UK general election resulted in a hung parliament – precisely the result the participants in PERE’s UK roundtable feared. PERE Magazine June 2010 issue.

    FEATURE: Waiting for the tide

    From an extremely small base, real estate fund secondary deals are on their way up, indicating gradual acceptance of this important tool for liquidity and portfolio management. PERE magazine June 2010

    FEATURE: Advice on one side, funds on the other

    Investment consultants who cross over into fund-management territory say they are able to manage potential conflicts of interest. Their competitors tend to disagree. The ensuing debate is a healthy one and valuable for investors to follow. PERE Magazine June 2010 issue 

    EUROZONE: Is carry personal, or business?

    Proposed tax rate increases in the UK may hit GPs hard, or really hard, depending on how the new government defines carried interest. PERE magazine June 2010 issue

    EUROPEAN NEWS: Core control

    LaSalle Investment Management says domestic continental European investors want core, core-plus assets, and more control. PERE magazine June 2010 issue  

    EUROPEAN NEWS: Townsend’s multi-manager

    The US group says it is looking to win multi-manager mandates in Europe and Asia after hiring big-hitting former ING Real Estate Select head, Nick Cooper. PERE magazine JUNE 2010 issue

    EUROPEAN NEWS: Fast-track to Oslo

    ow Karsten Kallevig went from a graduate at MIT in 1998 to head of real estate investment management at one of the world’s biggest sovereign wealth funds. PERE magazine June 2010 issue

    BLUEPRINT: MSREF’s new mission

    Morgan Stanley Real Estate Investing has just closed its latest opportunity fund on $4.7 billion. In closing the largest private equity real estate fund post-Lehman, MSREI is refocusing attention on its future, rather than the blemished recent past. MSREI chief executive officer Owen Thomas and chief investment officer Jay Mantz talk about the challenges the firm has faced over the past 18 months – and how the New York-based real estate platform is investing its capital once again. PERE magazine June 2010

    ASIAVIEW: Trap for some, honey for others

    Despite stories of private equity firms running into trouble with their Macao investments, the gaming state’s demographics are impossible to ignore. PERE Magazine June 2010 issue.

    ASIA NEWS: Sticking to your guns

    New York-based Asia investor Aetos Capital hopes to raise $1 billion by sticking to the markets it knows best. PERE Magazine June 2010 issue.

    ASIA NEWS: Future funding

    Australia’s A$68 billion sovereign wealth fund has increased its exposure to real estate over the last year. But will commingled fund managers benefit? PERE Magazine June 2010 issue.

    ASIA NEWS: Carlyle flies half-mast

    The Washington DC-based private equity and real estate firm must contend with less than half its equity target for its second Asia fund. PERE Magazine June 2010 issue

    AMERICAS NEWS: Sharing the profits

    Alvarez & Marsal Capital Real Estate has hired ex-Probitas Partners principal Alan Bear, as it looks to recapitalise financial institutions’ troubled loans – sharing the upside with the lenders along the way. PERE magazine June 2010 issue

    AMERICAS NEWS: Passive positioning

    Clairvue Capital Partners is targeting passive, non-controlling recapitalisations. The firm warns that trying to take control can introduce even more risks. PERE magazine June 2010

    AMERICAS NEWS: Hotel stars in their eyes

    Starwood Capital Group is ‘very bullish’ on the Brazil hospitality scene – and is planning to open an office in the country. PERE magazine June 2010