Goldman Sachs' Whitehall platform has become among the most dominant players in global property investment, raising billions and executing deals in an inimitable Goldman fashion. The firm is so opaque that even its own PPMs contain no fund-level performance data. Investors who sign on as limited partners gain access to the immense Whitehall footprint, but pay what many view to be a dizzying array of fees for the privilege. PERE goes inside an enviable franchise that its rivals have at times called ‘The Evil Empire.’ By Robin Marriott and Zoe Hughes
10 min read · 12 January 2013
Financial sector stocks have fallen, causing many to wonder whether a handful of high-profile private equity deals were ill-timed.
4 min read · 12 January 2013
The joint venture that recently raised a $1bn real estate fund is targeting the Florida residential sector. The firms have acquired 500 condos in the Sunshine State ‘at significant discounts.’
1 min read · 12 January 2013
The Los Angeles-based private equity real estate firm spent one month raising capital for its distressed credit fund, raising a total of $900m from existing investors. The fund is expected to invest in distressed property debt and operating companies with strong real estate components.
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
Having listed on the London Stock Exchange in May, Kuwait's Global Investment House has now opted to raise a new fund there as well.
8 min read · 12 January 2013
TPG-controlled XOJET has secured nearly $2.5bn in debt and equity as it goes head-to-head with Warren Buffet-backed NetJets.
7 min read · 12 January 2013
The Middle East- and London-based investment manager has reported its second strongest year even as net income declined and the pace of private equity deals slowed.
2 min read · 12 January 2013
The Middle East- and London-based investment manager has reported its second strongest year even as net income declined and the pace of private equity deals slowed.
2 min read · 12 January 2013
Abu Dhabi Investment Company has reportedly bought a 90 percent stake in Manhattan’s iconic Art Deco building from an arm of Prudential Real Estate Investors. The building is believed to have sold for close to $900m.
2 min read · 12 January 2013
