Private equity firms will face lower barriers to investment in banks, after the US banking regulator voted to modify some of the more controversial aspects of its regulations for private equity owners.
The scarcity of lines of credit has hit the operations of small firms especially hard, and those without strong existing ties with banks will likely have to survive without credit sources until 2011.
These 15 firms have the skills and strategies to dominate the real estate wasteland, say market insiders. PERE Magazine September 2009.
The US banking regulator scaled back its proposed rules, easing certain requirements that had attracted industry criticism including Tier 1 leverage ratios.
PERE Magazine September 2009: Although it sits on a massive pile of dry powder, the world’s largest private equity real estate firm has directed its professionals to first spend their time deeply researching macro trends around the world, as well as briefing LPs about their findings. Jonathan Brasse recently interviewed the London-based team that spearheaded this back-to-school effort to learn how they believe the world has changed.
PERE Magazine September 2009: Barden Gale, recently named CEO of JE Robert Companies, speaks with Zoe Hughes about the challenges and opportunities facing JER and its need to keep ‘constantly evolving’
PERE Magazine September 2009: Why a jumbo European securitisation called White Tower is being closely monitored by private equity real estate firms. By Robin Marriott
PERE September 2009: Two European professionals at US placement agent CP Eaton have left in recent weeks. The firm has been cost cutting, but the changes at CP Eaton mirror wider challenges in the capital raising industry. By Robin Marriott.
Focus DIY is set to halve £12m in potential property costs in a deal illustrating landlords' desire to circumvent vacancies.
PERE Magazine September 2009: The decision by Citigroup to sell Citi Property Investors may be about reducing risk, but it only ensures the bank misses out on the potential for outsized returns over the next five years. By Zoe Hughes