DOCSLIB.ORG

Trends® in Real Estate 20

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Trends® in Real Estate 20 Emerging Trends® in Real Estate 20 15 12 12 9 6 3 0 -3 -6 -9 Emerging Trends in Real Estate® 2012 A publication from: Emerging 20 Trends ® in Real Estate Contents 1 Executive Summary 12 2 Chapter 1 Facing a Long Grind 4 Where Is Demand? 6 “Too Many Jobs Headwinds” 7 Low Interest Rate Medicine, Cap Rate Caution, Inflation Bailout 7 Ebbing Return Expectations 8 Transaction Markets Regear 9 (Multifamily) Development Resumes 9 Government Disarray 9 Improving Profitability 11 Best Bets 2012 14 Chapter 2 Real Estate Capital Flows 18 Banks 18 Insurers 19 CMBS 22 Mezzanine Debt and Preferred Equity 22 Wall Street Opportunity Funds 2 2 R EI Ts 23 Pension Funds 23 Nontraded REITs, High-Net-Worth Investors, Local Operators 24 Foreign Investors 2 6 Chapter 3 Markets to Watch 30 The Top 20 38 Other Major Markets 40 Other Market Prospects 4 2 Chapter 4 Property Types in Perspective 43 Slow Progress 46 Apartments 48 Industrial 5 0 H otels 52 Office 54 Retail 56 Housing 5 8 Chapter 5 Emerging Trends in Canada 59 Investment Trends 62 Capital Markets 64 Markets to Watch 68 Property Types in Perspective 73 Best Bets 74 Chapter 6 Emerging Trends in Latin America 75 Brazil Arrives 76 Mexico No Go 77 Other Markets: Colombia Draws Interest 78 Interviewees Emerging Trends in Real Estate® 2012 i Editorial Leadership Team Emerging Trends Chairs PwC Advisers and Researchers Mitchell M. Roschelle, PwC Adam E. Harvey Ken Griffin Patrick L. Phillips, Urban Land Institute Aleem F. Bandali Kevin Bennett Amanda Brown Lois McCarron-McGuire Author Ami J. Patel Lori-Ann Beausoleil Jonathan D. Miller Amy E. Olson Marc Normand Andrew Alperstein Maridel Gonzalez Gutierrez Principal Researchers and Advisers Andrew Popert Matt Lopez Stephen Blank, Urban Land Institute Arthur Chippin Michael Chung Charles J. DiRocco, Jr., PwC Brandon Bush Miriam Gurza Dean Schwanke, Urban Land Institute Brian Robertson Molly Caccamo Chris Vangou Nadja Ibrahim Senior Advisers Christine Lattanzio Natalie R. Cheng Christopher J. Potter, PwC, Canada Claude Gilbert Nelson P. Da Silva Susan M. Smith, PwC Daniel Cadoret Patricia Perruzza Daniel D’Archivio Paul F. Bradley Dave Chucko Paul Ryan David E. Khan Reginald Dean Barnett David M. Yee Richard Deslauriers David Swerling Rob Sciaudone David Voss Robin Madigan Dennis Johnson Ron J. Walsh Dominique Fortier Roxanna Bevilacqua Donald M. Flinn Russell Sugar Emerging Trends in Real Estate® is a trademark of PwC and is regis- Doug Purdie Sammi Ha tered in the United States and other countries. All rights reserved. Doug Struckman Scott Heal “PwC” is the brand under which member firms of Pricewaterhouse- Frank Magliocco Scott H. McDonald Coopers International Limited (PwCIL) operate and provide services. Fred Cassano Scott Tornberg Together, these firms form the PwC network. Each firm in the network Hugo Domingues Seth Promisel is a separate legal entity and does not act as agent of PwCIL or any Issa Habash Stephen Shulman other member firm. PwCIL does not provide any services to clients. Jag Patel Steve J. Hollinger PwCIL is not responsible or liable for the acts or omissions of any of its James A. Oswald Steve Tyler member firms nor can it control the exercise of their professional judg- Jasen F. Kwong Steven Weisenburger ment or bind them in anyway. This document is for general information Jeffrey Nasser Susan Farina purposes only, and should not be used as a substitute for consultation John Gottfried Susan Smith with professional advisers. Jonathan Jacobs Tim Conlon Joshua J. Mowbray Tom Kirtland © October 2011 by PwC and the Urban Land Institute. Katherine M. Billings Warren Marr Printed in the United States of America. All rights reserved. No part of this book may be reproduced in any form or by any means, electronic ULI Editorial and Production Staff or mechanical, including photocopying and recording, or by any infor- James A. Mulligan, Managing Editor/Manuscript Editor mation storage and retrieval system, without written permission of the Betsy VanBuskirk, Creative Director publisher. Anne Morgan, Cover Design Deanna Pineda, Muse Advertising Design, Designer Recommended bibliographic listing: Craig Chapman, Senior Director of Publishing Operations PwC and the Urban Land Institute. Emerging Trends in Real Estate® Sarah Nemecek, Research Associate 2012. Washington, D.C.: PwC and the Urban Land Institute, 2011. ULI Catalog Number: E44 About the Author ISBN: 978-87420-165-9 Jonathan D. Miller is a real estate forecaster who has written the annual Emerging Trends in Real Estate report since 1992. ii Emerging Trends in Real Estate® 2012 Executive Summary or 2012, U.S. real estate players must resign sentiment declines as selling interest increases. related markets scoring well include San Jose, themselves to a slowing, grind-it-out recov- Investors who bought at or near market bottom in Denver, and Raleigh-Durham. Fery following a period of mostly sporadic 2009 and 2010 consider cashing in some gains. Among property sectors, everybody wants growth, confined largely to “wealth island” real Many players back off from bidding on trophy apartments. Living smaller, closer to work, and estate markets—the primary 24-hour gateways properties in better markets, fearing that pricing is preferably near mass transit holds increasingly located along global pathways. A handful of cities outpacing the potential for recovery in net operat- appeal as more people look to manage expenses also should continue to benefit from expansion ing incomes. Cap rate compression has ended; a wisely. Interest cools on offices, especially sub- in locally based technology- and energy-related leveling off is expected, with possible upticks for urban office parks: more companies concentrate industries. Otherwise, most commercial markets some property sectors in certain markets. in urban districts where sought-after generation-Y have stabilized, but will find marked improve- Most developers and homebuilders will talent wants to locate in 24-hour environments. ment in occupancies and rents relatively elusive. twiddle their thumbs in ongoing extended hiatus; Investors continue to place bets on high-ceiling Despite some stepped-up bargain hunting, without evident demand drivers, construction warehouses in the gateway ports and around capital generally will continue to avoid commodity lenders hold back funding on most projects, international hub airports. And East Coast and real estate in most secondary and tertiary cities. except for multifamily development. Expect a Gulf Coast ports vie to attract the most new ship- Among the property sectors, only apartments will ramp-up in apartment development across many ping traffic coming through a widened Panama score especially well: demographic trends and the markets justified by plunging vacancies and Canal in 2014. Winning cities could transform into aftermath of the housing bloodbath combine to continuing rent increases. When the odd new major distribution sites. Shopping center owners increase and sustain demand for multifamily units. office building goes forward, developers likely continue to face incursions from internet retailing: Enduring economic doldrums and the will employ green technologies and concepts; fortress malls and infill grocery-anchored centers absence of dynamic jobs generators hamstring tenants begin to insist on cost-saving, energy- consolidate business at the same time that older overall demand, weighing on real estate markets. efficient systems. regional malls and fringe strip centers appear to While the nation’s lackluster employment outlook Shaken by stock market declines and anemic lose ground. The hotel recovery begins to flag: delays filling office space, the related drag in bond yields, investors gravitate toward equity real good news concentrates in the prime business consumer spending compromises growth in estate, but grow somewhat unsettled in the face of traveler/tourist gateways and in middle-market retail and industrial occupancies and rents. limited property investment opportunities. “Face brands without food and beverage. Interviewees uniformly struggle to identify new it: real estate doesn’t offer enough growth poten- Canadian real estate markets remain the employment engines: competition from overseas tial to satisfy” the demand, says an interviewee. most stable in North America. Institutions hold markets, technology gains, government and Although debt capital remains undersupplied, on to the best properties and avoid boom/bust personal debt loads, an aging population, and lenders and government regulators work hard to frenzies over pricing, while conservative fiscal global financial breakdowns all combine to stanch avoid a refinancing crisis with hundreds of billions policies discourage lax underwriting and licen- wage growth and hiring. As a result, businesses in commercial mortgages maturing over the next tious lending. A resource-rich economy does not that are focused on squeezing profitability out three to four years. Well-capitalized borrowers and hurt either. Interviewees expect these markets to of productivity gains and families forced into solid, revenue-generating properties have no trou- weather world economic turmoil, particularly U.S. belt-tightening use less square footage. “The Era ble obtaining financing, while lenders and special contagion, but anticipate a slowdown in 2012 as of Less” forecast in last year’s Emerging Trends servicers will continue to extend and pretend as consumers and homebuyers back off a recent takes firm hold. Housing markets continue to long as borrowers
Load more

Recommended publications
  • Live Virtual Board Meeting
    LIVE VIRTUAL BOARD MEETING APRIL 14, 2021 AT 9:00 AM BOARD OF INVESTMENTS MEETING TO VIEW VIA WEB https://members.lacera.com/lmpublic/live_stream.xhtml TO PROVIDE PUBLIC COMMENT You may submit a request to speak during Public Comment or provide a written comment by emailing [email protected]. If you are requesting to speak, please include your contact information, agenda item, and meeting date in your request. Attention: Public comment requests must be submitted via email to [email protected] no later than 5:00 p.m. the day before the scheduled meeting. LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION 300 N. LAKE AVENUE, SUITE 650, PASADENA, CA AGENDA A REGULAR MEETING OF THE BOARD OF INVESTMENTS LOS ANGELES COUNTY EMPLOYEES RETIREMENT ASSOCIATION 300 N. LAKE AVENUE, PASADENA, CALIFORNIA 91101 9:00 A.M.*, WEDNESDAY, APRIL 14, 2021 This meeting will be conducted by teleconference under the Governor’s Executive Order No. N-29-20. Any person may view the meeting online at https://members.lacera.com/lmpublic/live_stream.xhtml The Board may take action on any item on the agenda, and agenda items may be taken out of order. I. CALL TO ORDER II. APPROVAL OF MINUTES A. Approval of the Minutes of the Regular Meeting of March 10, 2021 III. REPORT ON CLOSED SESSION ITEMS IV. PUBLIC COMMENT (*You may submit written public comments by email to [email protected]. Please include the agenda number and meeting date in your correspondence. Correspondence will be made part of the official record of the meeting. Please submit your written public comments or documentation as soon as possible and up to the close of the meeting.
    [Show full text]
  • TRS Contracted Investment Managers
    TRS INVESTMENT RELATIONSHIPS AS OF DECEMBER 2020 Global Public Equity (Global Income continued) Acadian Asset Management NXT Capital Management AQR Capital Management Oaktree Capital Management Arrowstreet Capital Pacific Investment Management Company Axiom International Investors Pemberton Capital Advisors Dimensional Fund Advisors PGIM Emerald Advisers Proterra Investment Partners Grandeur Peak Global Advisors Riverstone Credit Partners JP Morgan Asset Management Solar Capital Partners LSV Asset Management Taplin, Canida & Habacht/BMO Northern Trust Investments Taurus Funds Management RhumbLine Advisers TCW Asset Management Company Strategic Global Advisors TerraCotta T. Rowe Price Associates Varde Partners Wasatch Advisors Real Assets Transition Managers Barings Real Estate Advisers The Blackstone Group Citigroup Global Markets Brookfield Asset Management Loop Capital The Carlyle Group Macquarie Capital CB Richard Ellis Northern Trust Investments Dyal Capital Penserra Exeter Property Group Fortress Investment Group Global Income Gaw Capital Partners AllianceBernstein Heitman Real Estate Investment Management Apollo Global Management INVESCO Real Estate Beach Point Capital Management LaSalle Investment Management Blantyre Capital Ltd. Lion Industrial Trust Cerberus Capital Management Lone Star Dignari Capital Partners LPC Realty Advisors Dolan McEniry Capital Management Macquarie Group Limited DoubleLine Capital Madison International Realty Edelweiss Niam Franklin Advisers Oak Street Real Estate Capital Garcia Hamilton & Associates
    [Show full text]
  • WARSAW, Poland & BUDAPEST, Hungary
    WARSAW, Poland & BUDAPEST, Hungary--(BUSINESS WIRE)-- MCI Group, a leading Central European private equity firm with headquarters in Warsaw (Poland), announced today that their Fund MCI.EuroVentures is selling a portion of its shares in Netrisk, the leading online insurance brokerage in Hungary, to global growth private equity firm TA Associates for EUR 55 million (PLN 235 million). As a result of the partial exit, MCI.EuroVentures (buyout fund of MCI Group) has realized a return on investment of 3.0x CoC and 73% IRR. ● MCI Group, one of the leading investors in the Central and Eastern European (EU-CEE) region, remains an important investor in Netrisk and is retaining a 23.7% stake in the company to actively help build value for the insurtech leader on a larger, regional scale. ● TA Associates and Netrisk’s management will hold 75% and 1.3% of the company’s shares, respectively. ● Minority shareholder AMC Capital IV S.c.Sp., advised by Mezzanine Management, is selling all of its shares in Netrisk. ● TA Associates is one of the most experienced global growth private equity firms, having raised USD 33.5 billion in capital since its founding in 1968, and has a long history of investing in companies focused on the digital economy. ● In addition to sustained organic growth, Netrisk will consider acquisition opportunities in CEE, including online, multi-channel and offline companies involved in the distribution of personal- line insurance products. MCI.EuroVentures invested in Netrisk in 2017. The non-life insurance market in Hungary is estimated at USD 1.8 billion, of which the online channel accounts for more than 20%, which is significantly more than other countries in the region, including Poland.
    [Show full text]
  • Board Meeting Agenda Wednesday, May 26, 2021, 9:30 A.M.* I
    Board Meeting Agenda Wednesday, May 26, 2021, 9:30 a.m.* I. Minutes (Voting Item) II. Executive Director/Chief Investment Officer Report A. PRIT Fund Performance and Markets Update B. Organizational Updates III. PRIM’s Investment Equity Diversity Program Update – “The FUTURE Initiative” IV. Investment Report A. Strategy Group 1. Portfolio Completion Strategies Performance Summary 2. Power Pacific China A-Shares Absolute Return Managed Account (Voting Item) 3. Risk – Benchmarking Review (Voting Item) B. Public Markets 1. Performance Summary 2. Other Credit Opportunities: New Investment Recommendation: Oaktree Fund-of-One (Voting Item) C. Private Equity 1. Performance Summary and Cash Flows 2. Commitment Summary 3. Follow-on Investment Recommendations: (Voting Item) a. Hellman & Friedman Capital Partners Fund X, L.P. b. TA Associates XIV, L.P. and TA Select Opportunities Fund II, L.P. c. Providence Strategic Growth Fund V, L.P. d. Insight Venture Partners XII, L.P., Insight Partners XII Buyout Annex Fund, L.P., and Insight Partners Fund X Follow-On Fund, L.P. e. Quad-C Partners X, L.P. f. Thompson Street Fund VI, L.P. 4. Follow-on Investment Recommendation: Flagship Pioneering Fund VII, L.P. (Voting Item) D. Real Estate and Timberland Performance Summary V. Finance & Administration Report A. Draft Fiscal Year 2022 Operating Budget (Voting Item) B. Issuance of a Request for Proposals (RFP) for Proxy Voting Services (Voting Item) C. Legal/Legislative Update D. Other Matters: 1. March 2021 PRIM Operating Budget 2. Travel Report 3. Client Services *This meeting will be held in accordance with the provisions of the Governor's Order of March 12, 2020 "Suspending Certain Provisions of the Open Meeting Law", and all members of the Board will participate remotely via audio/video conferencing, and public access to the deliberations of the Board will likewise be provided via telephone.
    [Show full text]
  • Masterarbeit V1.4
    Master Thesis Moritz Philip Recke Hamburg’s Entrepreneurial Ecosystem And The Next Media Initiative Public Policy Towards Entrepreneurship Fakultät Technik und Informatik Faculty of Engineering and Computer Science Department Informatik Department of Computer Science Moritz Philip Recke Hamburg’s Entrepreneurial Ecosystem And The Next Media Initiative Public Policy Towards Entrepreneurship Masterarbeit eingereicht im Rahmen der Masterprüfung im Studiengang Master of Arts - Next Media (M.A.) am Department Informatik der Fakultät Technik und Informatik der Hochschule für Angewandte Wissenschaften Hamburg Betreuender Prüfer: Professor Dr. Kai von Luck Zweitgutachter: Dr. Susanne Draheim Abgegeben am 05.12.2016 Fakultät Technik und Informatik Faculty of Engineering and Computer Science Department Informatik Department of Computer Science Author Moritz Philip Recke Topic Hamburg’s Entrepreneurial Ecosystem And The Next Media Initiative - Public Policy Towards Entrepreneurship Keywords accelerator, angel, angel investor, business angel, company builder, economic policy, economy, ecosystem, entrepreneur, entrepreneurship, entrepreneurial ecosystem, employment, entrepreneurship, financing, founder, Germany, growth, high-growth, high-growth venture, Hamburg, incubator, innovation, innovation policy, investment, investor, job creation, location development, media, metrics, next media, policy, public policy, regional development, startup, startup economy, startup ecosystem, venture capital, vc Abstract Entrepreneurship, more specifically the formation of tech startups, is often attributed with economic growth and job creation due to their high-growth potential by many policy makers around the world. This link is widely debated in scientific literature, which does not necessarily seem to inform public policy. The City of Hamburg established a Next Media Initiative, focusing on media and IT industry related innovation to nurture the future development of this industry cluster with the help of high-growth ventures.
    [Show full text]
  • Inspired Welcomes Warburg Pincus As a New Investor
    Inspired Welcomes Warburg Pincus as a New Investor London and New York – 30th May 2019 – Warburg Pincus, a leading global private equity firm focused on growth investing, has reached an agreement to invest in Inspired, a leading group of premium schools in Europe, Africa, Latin America and Asia Pacific, along with existing shareholders TA Associates. Terms of the transaction were not disclosed. Inspired, founded by Nadim M Nsouli, is a co-educational, non-denominational, independent school group designed to inspire students to achieve their maximum potential in a nurturing, progressive academic environment. Inspired has grown rapidly by building new schools and acquiring existing successful ones around the world. Inspired currently educates approximately 38,000 students between the ages of 1 and 18 in 51 schools, all striving to achieve academic excellence. The company has offices in London, Milan, AucKland, Johannesburg and Bogota. Nadim M. Nsouli, Founder, Chairman & CEO of Inspired commented: “In seeKing an investor to enable us to continue building and acquiring leading schools around the world, our goal was to have an international firm with a history of worKing with entrepreneurial companies to accelerate growth.” “Since starting Inspired, we have been fortunate to have shareholders that share our commitment to and passion for premium education as well as a long-term investment horizon. We now welcome Warburg Pincus as an investor in Inspired for the next phase of our exciting journey in building the premier global group of premium schools.” Adarsh Sarma, Managing Director of Warburg Pincus said: “As growth investors, we are attracted to Inspired because it offers a compelling combination of delivering academic excellence through schools of an exceptionally high quality and operates in the premium private pay K-12 education sector which benefits from strong secular growth”.
    [Show full text]
  • Monthly European
    December 2013 Technology / Media / Telecoms / Internet / Healthcare / Cleantech / Materials Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin December 2013 Published by Go4Venture Advisers Research, the Equity Research unit of Go4Venture Advisers LLP. About Go4Venture Advisers Providing innovative, fast-growing companies and their investors with independent corporate finance advice to help them evaluate, develop and execute growth strategies Equity Capital Markets (ECM) Equity private placements Growth equity financings and secondaries Pre-IPO advisory Mergers & Acquisitions (M&A) Sellside Buyside / Buy and build Valuation services Go4Venture Advisers LLP is authorised and regulated by the Financial Conduct Authority (FCA). © Go4Venture Advisers 2013 December 2013 Contents This Month in Brief 2 Investments 1.1 - Headline Transactions Index (HTI) 5 1.2 - Large Transactions Summary 6 1.3 - Large Transactions Profiles 7 M&A Transactions 2.1 - M&A Activity Index 17 2.2 - Top 5 Global TMT M&A Transactions Summary 18 Headline European VC & PE-Backed M&A Transactions: 2.3 - Summary 21 2.4 - Profiles 22 List of Acronyms 25 About this Bulletin The Go4Venture Advisers’ European Venture & Growth Equity Market Monthly Bulletin provides a summary of corporate finance activity among emerging European TMT companies: Investments, i.e. Venture Capital (VC) and Private Equity (PE) financings, including growth equity, financing rounds with single secondaries components (recapitalisations); and M&A Transactions where the sellers are VC and PE-backed European companies, including all majority transactions with no new investment going into the business (e.g. acquisitions, Management Buyouts (MBOs) and other buyouts). Investment activity is measured using Go4Venture’s European Tech Headline Transactions Index (HTI), which is based on the number and value of transactions reported in professional publications.
    [Show full text]
  • Trs Contracted Investment Managers As of February 2018
    TRS CONTRACTED INVESTMENT MANAGERS AS OF FEBRUARY 2018 Global Public Equity (Global Income continued) Acadian Asset Management Oaktree Capital Management, LLC Adrian Lee & Partners Pacific Investment Management Company, LLC AQR Capital Management Pemberton Capital Advisors Arrowstreet Capital PGIM, Inc. Axiom International Investors Riverstone BNP Paribas Solar Capital Partners LLC Channing Capital Management, LLC Taplin, Canida & Habacht Dimensional Fund Advisors LP Taurus Funds Management Emerald Advisers, Inc. TCW Asset Management Company JP Morgan Asset Management Westwood Management Corporation Levin Capital Strategies, LP LSV Asset Management Real Estate/Real Assets Mondrian Investment Partners Limited AQR Capital Management, LLC Northern Trust Investments, NA Barings Real Estate Advisers LLC RhumbLine Advisers Beacon Capital Partners Robeco Boston Partners BlackRock Strategic Global Advisors, LLC Blackstone Real Estate Advisors T. Rowe Price Associates, Inc. Bridgewater Associates, LP Wasatch Advisors Capri Capital Advisors, LLC CB Richard Ellis, Inc. Transition Managers Dyal Capital Fortress Investment Group Citigroup Global Markets, Inc. Gaw Capital Partners Loop Capital Heitman Real Estate Investment Management Macquarie Capital (USA) Inc. Hines Northern Trust Investments Inc. INVESCO Real Estate Penserra Transition Management LLC LaSalle Investment Management Lion Industrial Trust Global Income Lone Star Angelo, Gordon & Co. LPC Realty Advisors Apollo Global Management Madison International Realty Dolan McEniry Capital Management,
    [Show full text]
  • LBAS15 P28-29 Private Equity.Indd 28 30/03/2015 16:55:16 Ayachesalama We Are Delighted to Honor Travers Smith, Winner of the Private Equity Team of the Year Award
    PRIVATE EQUITY TEAM OF THE YEAR SPONSORED BY AYACHESALAMA Travers Smith AyacheSalama Paul Dolman We are delighted to honor Travers Smith, winner of the A complex deal for a British success story Private Equity Team of the Year Award. Travers Smith’s private equity team has consistently been a standout player in the City market. In the last nancial year it advised on over £6.8bn of private equity-backed transactions and was instructed on almost 40% of private equity transactions over £100m. Its trophy deal for 2014 was advising the Cath Kidston Group, and its shareholders, TA Associates, on an investment by Baring Private Equity Asia (BPEA). e complex transaction, which valued the British design brand at around £250m, allowed TA Associates, which initially had a 60% stake, and other investors to retain some of their holdings in conjunction with BPEA. Dolman’s team had to deliver to a challenging timeline and co-investments are never straightforward, with signicant tax and intellectual property elements coming to play on top of the sophistication of the deal structuring. Chris Parkin, managing director at TA Associates, commented: ‘We set a very ambitious timetable and the Travers Smith team delivered, oering sound commercial advice whilst never losing sight of the bigger picture. Exactly the attributes we look for in our advisers and ones that (L-R) AyacheSalama’s Olivier Tordjman with Paul Dolman of ongratulations* Travers Smith C Travers Smith have demonstrated for us time and time again.’ * Félicitations, Congratulazioni, Glückwünsche HIGHLY COMMENDED LATHAM & WATKINS SHEARMAN & STERLING David Walker Mark Soundy Since his high-prole move from Cliord Chance in 2013, Walker Shearman’s City private equity practice has come on leaps and has led Latham’s blossoming London practice on a succession of bounds since the arrival of Soundy and colleagues from Weil, substantive deals, including advising Hellman & Friedman on its Gotshal & Manges in 2013.
    [Show full text]
  • ILPA Releases Second Report in Diversity in Action Series
    ILPA Releases Second Report in Diversity in Action Series Diversity in Action – Sharing Our Progress Report Details the Initiative’s Growth and Insights Into Integrating DEI Into Investment Strategies 1776 Eye St. NW August 31, 2021 (Washington, D.C.) The Institutional Limited Partners Association (ILPA) today released the Suite 525 second report in its Diversity in Action – Sharing Our Progress series. The report series is an extension of ILPA’s Washington, DC Diversity in Action initiative and aims to provide actionable recommendations on steps that can be taken to 20006 improve diversity, equity and inclusion in private markets. “The industry continues to respond positively to the Diversity in Action Initiative with new signatories joining every week,” said Steve Nelson, CEO of ILPA. “The Initiative now claims 180 signatories who have all been incredibly active in conversations with one another and have acted as tremendous partners to ILPA on our related work, having meaningfully contributed to our updated ILPA Diversity Metrics Template.” The Diversity in Action – Sharing Our Progress report series tracks the evolution of Initiative signatories by geography, strategy and fund size as well as progress on adoption of all the actions within the Framework. As of August 2021, the Initiative’s geographic reach is increasing, now with 38 signatories outside North America, a 52% increase in this cohort since April. The latest report focuses on how signatories are integrating diversity, equity and inclusion into investment strategies including
    [Show full text]
  • Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends
    PRIVATE EQUITY Newsletter QUARTERLY SPECIAL | EDITION 1+2/2021 SIGNED DEALS for 2020 and Q1/2021 within the German-speaking region EUROPEAN PE MARKET Interview with Senior Partner Christof Huth and Principal Dr Thorsten Groth as well as digital expert Dr Ulrich Kleipaß MOST RECENT STUDIES by Roland Berger Private Equity Newsletter Quarterly Special | Edition 1+2/2021 Dear Friends, Christof Huth dear Clients, What a start to the year! The first quarter of 2021 has broken almost every record so far. This edition of the Newsletter provides an overview of the tremendous deal flow in the first quarter of 2021 in com- parison to last year and examines various developments influencing the PE market. Additionally, it offers an overview of recent Roland Berger studies. Dr Sascha Haghani The 2020 PE year (197 transactions) saw lower deal activity overall than 2019 (253 transactions), driv- en by declines in the first half of 2020 in particular. In the second half of 2020, there was a quick recovery in PE-related deal-making in German-speaking Europe, which continues into 2021 so far. With 90 deals, Q1 of 2021 not only surpassed the already strong Q3 of 2020 but represents the strongest quarter in the long history of the PE Newsletter. Economically, the dominant topic for 2020 was COVID-19 and its impact on deal-making, on portfo- Sven Kleindienst lio companies and on daily life. By now the PE industry has become used to successfully dealing with COVID-19-related restrictions during deal-making and is focused on companies’ development outlook beyond COVID-19.
    [Show full text]
  • Strictly Private & Confidential
    EQT Mid Market GP B.V. World Trade Center Schiphol H-Tower, Floor 4 Schiphol Boulevard 355 1118 BJ Schiphol The Netherlands Phone: +31 20 577 66 70 Fax: +31 20 577 66 79 Registered number: 55314295 Press release September 17, 2013 EQT backs accelerated growth of Avenso AG • EQT invests in Avenso AG, a leading German photographic art specialist • EQT and the founders become the sole owners • EQT provides new funds to accelerate growth strategy EQT has invested in Avenso AG (“Avenso” or the “Company”), a leading gallery network and online retailer for photographic art serving the contemporary photographic art market, based on a partnership agreement with the founders. The existing minority shareholder Burda will be bought out by EQT. Avenso was founded in 2004 by two art collectors in Berlin. With its flagship brand LUMAS, the Company has created a space for photographic art for young collectors and all art-lovers, offering exceptional art photography from a diverse selection of works by over 160 established artists and carefully selected emerging talents. With 24 galleries worldwide (16 in Germany, the others located in international cities such as Vienna, Zurich, London, New York and Paris) more than 1,400 works are available as original photographs in editions of 75 to 150. Signed by the artist, these editions enable LUMAS to offer art at affordable prices, starting at a price of EUR 100. Via its second brand WhiteWall, a high-profile photo laboratory, Avenso offers custom made mounting and framing services for private customers and professional photographers. WhiteWall is a leading online retailer for large-scale, gallery-quality prints.
    [Show full text]