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Zoe Hughes

News analysis: Pensions shift funding structure

A global shift from guaranteed to employee-contributed public pensions raises questions about the future of private equity funding, writes Zoe Hughes.

Landlords poised for NYC rent law battle

A bill passed by New York’s State Assembly has expanded NYC’s rent regulations governing what landlords can charge and when they can convert apartments to market rates, but it faces increasing opposition in the State Senate.

Carlyle in $6.1bn ManorCare asset sale

The nursing home chain taken private by Carlyle for $6.3bn in 2007 will sell 338 skilled and assisted living facilities to healthcare-focused REIT HCP.

INTELLECTUAL PROPERTY: SEC seal of approval

Real estate GPs hope to avoid new laws requiring SEC registration thanks to existing investment company rules but it could be a mixed blessing at best: unregistered funds could find it even harder to raise cash from LPs, and restrict their ability to close deals. PERE magazine October 2010 issue

On-demand data

Blackstone is piloting a new interactive LP portal that will allow investors to delve into the firm’s performance data across asset classes, geographies and sectors like never before. It will also allow LPs to import data from other GPs into the Blackstone system.

Real estate report card

A lack of industry reporting standards have resulted in LPs receiving a hugely divergent amount and type of information from each of their GPs. Is it time for some industry standards? By Zoe Hughes

CalSTRS eyes core funds for 2010, 2011

The $132.2bn public pension is shifting its attention away from value-added and opportunistic strategies, and sets an overall benchmark for the asset class to meet: a minimum of 9.25% net of fees.

Volcker rule impact may hit in 2022

The 'Volcker Rule's' impact on private equity may not be felt until 2022, and its main effect could be to reduce banks' co-investment in alternative vehicles.

Guggenheim spin-out targets global debt, equity

Newly formed G2 Investment Group, co-founded by J. Todd Morley, David Conrod and Antonio de la Rua, has as its CIO Alan Menkes, a buyout veteran formerly of Thomas Weisel and Hicks Muse.

CalSTRS joins ban on Stuy Town-style deals

The $138bn pension has joined its neighbour CalPERS in supporting legislation that would prevent the two funds from investing with real estate managers who try to convert rent-controlled apartments. CalSTRS staff will also consider possible penalties for GPs who abuse the ban.
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