Permira partner Veronica Eng has said ‘any manager worth its salt’ is taking a hard look at its portfolio companies and carefully broaching new investments amid today’s unprecedented financial climate. Phoenix CFO Steve Darrington, meanwhile, expects unsettled investors to flock to smaller managers.
2 min read · 12 January 2013
The Expo Real property show in Germany has been rocked this afternoon by news that Georg Funke, chief executive officer of Hypo Real Estate, has been forced to resign with immediate effect.
1 min read · 12 January 2013
The bailout of the German commercial property lender, Hypo Real Estate – which is partially owned by private equity firms JC Flowers and Grove International – could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.
3 min read · 12 January 2013
A study released by INREV at the ExpoReal conference has revealed that almost two-thirds of fund managers are reviewing the terms of their vehicles, with many set to extend. It's a 'question of timing', INREV tells PERE.
2 min read · 12 January 2013
The Expo Real property show in Germany has been rocked this afternoon by news that Georg Funke, chief executive officer of Hypo Real Estate, has been forced to resign with immediate effect.
1 min read · 12 January 2013
The bailout of the German commercial property lender, Hypo Real Estate – which is partially owned by private equity firms JC Flowers and Grove International – could prompt investors to wait for further distress to enter the market, according to ING Real Estate's European chief investment officer Will Rowson at ExpoReal.
3 min read · 12 January 2013
Oivind Lorentzen and Jan Naess, who control investment manager and ship agency Northern Navigation, have closed the company’s debut shipping fund. Northern previously invested in six private equity shipping funds totaling $350m through a joint venture with a German bank.
2 min read · 12 January 2013
Real estate prices are set to decline by up to 25 percent in developed markets, according to Townsend co-founder Kevin Lynch. However he said there were plenty of opportunities amid the distress, telling PERE at the ExpoReal conference in Munich that investors were increasing their allocations to the asset class.
2 min read · 12 January 2013
Real estate prices are set to decline by up to 25 percent in developed markets, according to Townsend co-founder Kevin Lynch. However he said there were plenty of opportunities amid the distress, telling PERE at the ExpoReal conference in Munich that investors were increasing their allocations to the asset class.
2 min read · 12 January 2013
Every PIPE is different, but today's disasters bear an important resemblance to the tech PIPEs of yesteryear, writes David Snow.
2 min read · 12 January 2013
