VIDEO:Many LPs don't want to compete with London's 'wall of money'

According to Frogmore director Stuart Jenkin, many LPs are keen not to see their capital competing with sovereign wealth funds and the like for core properties in London where yields have been driven downwards to levels that would not 'outperform the market'.

Stuart Jenkin, director of fund management at UK private equity real estate firm Frogmore tells PERE on the sidelines of last week's PERE Forum: Europe 2011, how many LPs are keen to ensure their capital is not competing with the 'wall of money', including the likes of the sovereign wealth funds, that is chasing prime real estate in London. He said the LPs of Frogmore's funds, including endowments and pension funds, are becoming more receptive to the notion of investing outside of London for value as well.