At last week's PERE Forum: Asia in Hong Kong, former M3 Capital Partners director Bernhard Karas talked PERE through his definition of real estate investment club structures; how they originated; warns LPs which use them must have adequate resources; and admits to hearing of investors which have abused such structures.
VIDEO: Funds have morphed into clubs
Former M3 Capital Partners director Bernhard Karas explained to PERE on the sideline of last week's PERE Forum: Asia in Hong Kong how some investment vehicles that were supposed to be traditional private equity real estate funds ended up morphing into investment clubs.
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