Fundraising

After a busy month spent whizzing across New York from one industry gathering to the next, Cezary Podkul reports back with his Top 10 insights into the key trends in infrastructure

The New York-based private equity real estate firm, led by former Warburg Pincus executive Reuben Leibowitz, has joined forces with Carl Mulac to create Joseph Carl Homes targeting distressed infill land deals in Phoenix.

The Los Angeles-based turnaround firm will operate Delphi out of bankruptcy. General Motors, which filed for bankruptcy Monday, will take over certain Delphi plants and provide the company with $250m in bankruptcy financing.

Aberdeen Property Investors raised just half its target for its second Asia fund of funds. The firm is now playing defence as it tries to ensure the capital is invested wisely, including keeping a 'reserve' to address future risks. PERE June 2009

Managing a private fund has gotten so tricky that one UK property company has gone public to avoid the headaches of dealing with LPs. PERE June 2009

Citi Property Investors has seen the departure of another seasoned professional - global head of marketing and client relations John Bottomley. Bottomley has joined New York's Rockefeller Group. PERE June 2009

The exodus of foreign GPs from Japan over the last few months shows many have been unable to endure the wait required to see this notoriously tough private equity market fulfil its potential. However, not everyone there is faring badly – and the economic downturn may even be opening more doors for private equity. Emma Cusworth reports.

With LP defaults becoming a more common occurrence, GPs need to understand all the implications of these events for the management company, for the fund, and for the other investors.

In his scant spare time, John Grayken, the founder of distressed asset 'monster' Lone Star, enjoys reading about the great men of history. With billions of dollars in distressed property and debt coming out of today's financial crisis, PERE takes a look at a highly private man perfectly positioned to benefit from the mess ... and to perhaps achieve enduring greatness himself. PERE June 2009

San Francisco-based Liquid Realty is targeting $800 million for its fifth vehicle. If successful the fund would be the largest-ever private equity real estate secondaries fund. PERE June 2009