The latest quarterly report from the US Real Estate Roundtable warns that 95 percent of real estate chief executives feel that access to debt financing is worse than 12 months ago, with almost nine out of 10 professionals saying commercial asset values will stay flat or even drop over the coming year.
2 min read · 12 January 2013
The real estate arm of the US pension fund and asset manager is targeting commercial real estate opportunities in the UK and Europe with its first international office. Former Invesco retail executive Paul Wilson will lead the effort.
2 min read · 12 January 2013
Atlantis Plastics has sold off its molded plastics business to the KPS Special Situations spin-out as the distressed plastics company enters into Chapter 11.
1 min read · 12 January 2013
Development, agricultural or beachfront-land is proving the next hottest commodity for private equity real estate.
2 min read · 12 January 2013
The publicly listed investment firm also disclosed in its second quarter earnings call that it is nearing its $2.5bn target on a private equity-style credit fund – yet its fundraising pace has dropped more than 70 percent compared to the same period last year.
2 min read · 12 January 2013
The US mid-market firm has purchased an Illinois Tool Works subsidiary as it deploys remaining ‘reserve capital’ for add-ons from its $1.2bn Fund III.
2 min read · 12 January 2013
The number of recent private equity investments in wind farms has been head-spinning.
3 min read · 12 January 2013
Direct secondary investment firm Accretive Exit Capital Partners has closed its HarbourVest-backed debut fund on $125m and paid Evercore Capital Partners $110m for stakes in five assets. With its debut fund nearly fully deployed, Accretive will soon head to market with a fund targeting $300m to $400m.
3 min read · 12 January 2013
Starting out as a management consultant at Bain & Company, Thomas Dorr went on to spend 14 years at Weyerhaeuser, the Washington State-based pulp and paper company. Having originally intended to be a general manager at the firm, Dorr was invited to join the company's innovative pension arm. According to Dorr, the pension was delivering ?dramatic outperformance? with its pure alternative assets allocation, including hedge funds, private equity and opportunistic real estate. The Weyerhaeuser team moved to Morgan Stanley in 2000 with Dorr becoming CIO for the private equity fund of funds team. With his senior team, he has since been focusing on building a private equity fund of funds operation with a global mandate investing half of its capital inside North America and half outside in small to mid cap buyouts, venture capital and special situations. Since Dorr joined, his team has raised the Morgan Stanley Private Market Fund (PMF) I ($309 million, 2000); PMF II ($500 million, 2004); PMF III ($1 billion, 2006); and the Global Distressed Opportunities Fund ($500 million, 2006).
3 min read · 12 January 2013
We asked a selection of leading players in the German market for their views on threats and opportunities in Europe's largest economy. Here's what they said:
2 min read · 12 January 2013
