As private equity real estate fund managers prepare their year-end valuation reports, how are GPs facing the challenge of marking to a rapidly declining property market? PERE magazine February 2009 issue
In India, Millennium Spire decided it had to become a developer as well as an investment manager. It is now targeting its second fund. PERE Magazine February 2009 issue
GE Real Estate has sold 29 regional properties in Sweden into an investment company in which it retains a stake. It will continue to manage the assets, hoping to double the size of the portfolio within three to five years. PERE Magazine February 2009 issue
The prospect of Turkey's 70m consumers spending in a collection of shiny new shopping malls across the country, coupled with strong demand among retailers, has proved attractive to CPPIB. PERE magazine February 2009 issue
Student housing specialists Blue Vista and Place Properties are renegotiating two deals they put on hold last year. Sometimes, they argue, waiting for prices to drop further isn't always the best way of securing a good deal. PERE magazine February 2009 issue
Mark Antoncic is teaming up with Chip Lauckhardt, chief executive of Tuckerman Group, to advise lenders and investors on troubled real estate assets. PERE Magazine, February 2009 issue
The implications of the global financial meltdown have not dampened the spirits of South Korean private equity fund managers, who now anticipate a friendlier reception and increased dealflow. Siddharth Poddar reports.
“A market vastly in favour of the financier CITIC Capital is part of CITIC Group, the largest financial conglomerate in China. Here Emil Cheung, managing director and head of mezzanine and debt finance at CITIC Capital, discusses the outlook for his business in Greater China today.
Fundraising: difficult year ahead, but medium term outlook promising * HSBC (Asia) doubles previous fund size IL&FS closes short of target * Unitas Capital closes $1bn short of target * QInvest launches PE fund, puts joint fund on hold * Daiwa abandons ¥500bn fund plans * Haitong teams with Fortis on RMB 3bn fund * Report: RMB 1bn VC fund launch * Rasmala holds $120m first close * Partners Group raises $1.1bn for Asia-Pacific * Report: SAIF Partners raises RMB 1.6bn fund * Mayfield raises $111m for India * Direct Capital launches NZ$250m fund * Hangzhou provides incentives for PE * PE may get to invest in foreign retailers operating in India * * * * * *
Crisis translates into job cuts * Co-head of Permira's Japan office leaves * Morgan Stanley lays off Asia PE banking and China property heads * KKR hires two in Australia Tasman appoints CFO * EMP Global names two MDs for Asia * Citi appoints new Asian private equity banking head * Morgan Stanley AIP opens Hong Kong office * TVM Capital promotes two venture partners * BerchWood plans push into Asia, augments London team * Bohai fund appoints CEO * CP Eaton appoints a vice president * KPMG appoints PE head for Asia-Pacific * Barclays Capital Japan hires two ex-Lehmans PE bankers