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
Strong appetite for a new fund of funds included investors looking to switch out of larger funds and into the mid-market.
6 min read · 12 January 2013
Should private equity houses buy LBO debt, particularly in companies in which they own equity? Eversheds’ Mark Spinner discusses the trend.
2 min read · 12 January 2013
The US private equity firm will add a second struggling German bank to its portfolio, purchasing a 91 percent stake in business bank IKB, which entered into an 'existential crisis' in July 2007.
2 min read · 12 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 12 January 2013
The head of JC Flowers has reportedly established a fund under his personal control – a possible solution to stringent US bank holding company regulations.
2 min read · 12 January 2013
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
2 min read · 12 January 2013
The Canadian pension bucks the loss-making trend among North American pension funds returning one percent on its investments in the three months to June this year. The pension’s real estate allocation now stands at 5.6%, or $7.2bn. Infrastructure makes up 2.6%, or $3.3bn, of its portfolio.
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
Private equity firms operating in Germany have reasons to be optimistic: the economy has held up well so far despite global pressures, while the asset class appears to be successfully challenging negative stereotypes. Nonetheless, things could yet take a turn for the worse. Andy Thomson reports from Frankfurt.
8 min read · 12 January 2013
