Raising A Fund? Transparency Is Key
Friday, October 01
A common theme in many of my blogs has been that the need for GPs to understand and adapt to the changed environment that has occurred in the world of private equity is paramount to their success in attracting equity. I discussed how LPs have indicated in various surveys that while good performan...
What Are Real Estate Investors Saying?
Wednesday, September 08
Results from a Preqin survey of 166 institutional private equity real estate investors between June and August of 2010 regarding their private equity portfolios and how they will approach the market in the next 12 months were recently released. The survey spoke to investors of varying size, type,...
Are GPs Listening? New ILPA Report Out
Wednesday, August 11
The Institutional Limited Partners Association (ILPA) created the ILPA Private Equity Principles in September 2009. In response to much of what happened during the past few years, these guidelines were meant to "serve as a common framework for continued discussion among and between ...
Understanding Communication Expectations of LPs Is Critical
Monday, July 19
General Partners Need To Do More To Match The Communications Expectations Of Their Investors. There is a heavy focus given to financial terms and conditions as GPs structure their funds in this economy. The balance of power has clearly shifted in favor of the Limited Partner community ...
Key Terms of Selected Value Add and Opportunity Real Estate Private Equity Funds
Monday, July 12
I recently reviewed the key terms of seven value add and opportunity real estate private equity funds and wanted to share some of the findings and my thoughts on these key terms. In regards to the economic terms, there is a clear picture that terms across the board of been reduced compared to ...
Raising a Private Equity Real Estate Fund: New Challenges; New Rules
Tuesday, July 06
Experienced Operators Seeking to Raise a Real Estate Fund Should Embrace Challenges in Marketplace and Profit From It In a report recently published by a leading industry researcher, fundraising activity continued at a slower pace in the first quarter of 2010, achieving a slight improvement ov...