DOCSLIB.ORG

Preqin Special Report: Northeast US Real Estate

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Preqin Special Report: Northeast US Real Estate Content Includes: Preqin Special Report: Northeast US Real Estate May 2015 Fundraising All Northeast US-focused funds closed in 2014 focus primarily on value added investments. Funds in Market Opportunistic funds account for the majority of Northeast US-focused funds in market. Fund Managers More than a third of Northeast US-based fund managers are raising their first fund. Institutional Investors Majority of Northeast US- based investors are below their target allocations to real estate. alternative assets. intelligent data. Download the data pack at: Preqin Special Report: Northeast US Real Estate www.preqin.com/USRE15 Foreword The Northeast contains some of the United States’ largest real estate markets and is home to some of the largest real estate players globally. It is also the base of many specialist real estate fund managers that have raised a combined $7.4bn over the last fi ve years. Over 550 real estate fund managers have set up shop in the Northeast US, with the majority based in the global hub of New York. Additionally, the Northeast US holds many large institutional investors that are willing to invest in real estate within their home region. In this report, we look at the state of the private real estate market in the Northeast US by examining historical fundraising, funds in market, fund managers and investors that are based in the region, drawing on the wealth of individual fi rm- and fund-level data available on Preqin’s Real Estate Online service. Key Findings Capital Raised by Private Real Estate Firms in the Last 10 Years ($bn) Total funds raised in the last 10 years $$397bn397bn by real estate fund managers based in Northeast US. Number of institutional investors MMassachusettsassachusetts 886262 based in the Northeast US investing 335.15.1 in real estate. NNewew YYorkork 2268.168.1 CConnecticutonnecticut 339.49.4 PPennsylvaniaennsylvania Dry powder available to Northeast 113.03.0 NNewew JJerseyersey US-based fund managers has 112.02.0 222%2% increased by 22% from December 2013 and now stands at $84bn. MMarylandaryland WWashingtonashington DDCC 112.52.5 117.17.1 Contents Northeast US-Focused Fundraising 3 Northeast US-Focused Funds in Market 5 Northeast US-Based Fund Managers 6 Northeast US-Based Institutional Investors 9 All rights reserved. The entire contents of Preqin Special Report: Northeast US Real Estate, May 2015 are the Copyright of Preqin Ltd. No part of this publication or any information contained in it may be copied, transmitted by any electronic means, or stored in any electronic or other data storage medium, or printed or published in any document, report or publication, without the express prior written approval of Preqin Ltd. The information presented in Preqin Special Report: Northeast US Real Estate, May 2015 is for information purposes only and does not constitute and should not be construed as a solicitation or other offer, or recommendation to acquire or dispose of any investment or to engage in any other transaction, or as advice of any nature whatsoever. If the reader seeks advice rather than information then he should seek an independent fi nancial advisor and hereby agrees that he will not hold Preqin Ltd. responsible in law or equity for any decisions of whatever nature the reader makes or refrains from making following its use of Preqin Special Report: Northeast US Real Estate, May 2015. While reasonable efforts have been made to obtain information from sources that are believed to be accurate, and to confi rm the accuracy of such information wherever possible, Preqin Ltd. does not make any representation or warranty that the information or opinions contained in Preqin Special Report: Northeast US Real Estate, May 2015 are accurate, reliable, up-to-date or complete. Although every reasonable effort has been made to ensure the accuracy of this publication Preqin Ltd. does not accept any responsibility for any errors or omissions within Preqin Special Report: Northeast US Real Estate, May 2015 or for any expense or other loss alleged to have arisen in any way with a reader’s use of this publication. 2 © 2015 Preqin Ltd. / www.preqin.com Download the data pack at: www.preqin.com/USRE15 Preqin Special Report: Northeast US Real Estate Northeast US-Focused Fundraising Fundraising for Northeast US-focused offerings has fl uctuated closed in 2012-2013, fundraising can also be a lengthy process since 2008, with the aggregate capital raised reaching a peak of for many fi rms. Nonetheless, some managers are able to quickly $2.8bn from nine funds in 2011, but declining to $0.4bn raised by attract suffi cient capital to reach a fi nal close, with one recent six funds reaching a fi nal close in 2013 (Fig. 1). However, 2014 example being New York-based Sugar Hill Capital Partners’ saw an increase in the aggregate capital raised to $1.7bn, with Sugar Hill Property Fund IV, which reached a fi nal close in July seven Northeast US-focused funds reaching a fi nal close. So far 2014, having spent just six months fundraising. this year, there have been no funds focused on the US Northeast that have reached a fi nal close. In terms of strategy, Fig. 3 reveals that value added funds have been by far the most prominent in the Northeast US in recent It is evident that many fund managers face a challenging process quarters, with nine such funds raising a total of $1.9bn since 2013, when raising capital for Northeast US-focused funds. Fig. 2 suggesting strong investor appetite for value added opportunities shows that the proportion of funds that fell below their target size in the Northeast. In fact, all six funds to close in 2014 focused when reaching a fi nal close has increased from 59% for funds primarily on value added investments. In comparison, just two closed in 2011-2012 to 70% for funds closed in 2013-2014. With opportunistic funds reached a fi nal close, with one debt fund and managers spending an average of 17 months in market for funds one core-plus fund also closing in this time. Fig. 2: Fundraising Success of Northeast US-Focused Fig. 1: Annual Northeast US-Focused Closed-End Private Closed-End Private Real Estate Funds, 2011-2012 vs. 2013- Real Estate Fundraising, 2008 - 2014 2014 12 100% 90% 20% 10 10 35% 99 80% 10% Above Target No. of Funds 70% 8 Closed 7 60% 6% At Target 6 6 50% 55 Aggregate 40% Capital Below Target 4 Raised ($bn) 70% 30% 59% 2.8 2.3 Proportion of Funds Closed 20% 2 1.5 1.7 1.1 10% 0.2 0.4 0 0% 2008 2009 2010 2011 2012 2013 2014 2011-2012 2013-2014 Year of Final Close Year of Final Close Source: Preqin Real Estate Online Source: Preqin Real Estate Online Fig. 3: Northeast US-Focused Closed-End Private Real Fig. 4: Northeast US-Focused Closed-End Private Real Estate Fundraising by Primary Strategy, Funds Closed 2013- Estate Fundraising by Primary Property Focus, Funds 2014 Closed 2013-2014 10 2,000 7 1,600 1,850 Aggregate Capital Raised ($mn) 9 1,800 6 6 1,400 Aggregate Capital Raised ($mn) 9 6 1,345 8 1,600 1,200 7 1,400 5 1,000 6 1,200 4 5 1,000 800 3 4 800 600 3 600 2 No. of Funds Closed No. of Funds Closed 400 2 350 2 400 344 11 1 200 1 200 1 137 0 40 12 0 0 0 Value Added Core-Plus Debt Opportunistic Diversified Office Residential Primary Strategy Primary Property Focus No. of Funds Closed Aggregate Capital Raised ($mn) No. of Funds Closed Aggregate Capital Raised ($mn) Source: Preqin Real Estate Online Source: Preqin Real Estate Online © 2015 Preqin Ltd. / www.preqin.com 3 Download the data pack at: Preqin Special Report: Northeast US Real Estate www.preqin.com/USRE15 Many of the funds closed in recent years invest in a range of managed by JBG Companies, tops the list, having reached a sectors, with six diversifi ed funds closing from 2013 to 2014, fi nal close in September 2014 on $680mn. The fund targets raising an aggregate $1.3bn (Fig. 4). Residential funds are also value added and opportunistic investments in the Washington prominent in terms of number; however, the six funds that closed DC area. 2014 also saw another large fund reach a fi nal close, in 2013-2014 only raised $344mn. The largest of these is Eagle Savanna Real Estate Fund III, managed by New York-based Rock Advisors’ UOB Eagle Rock Multifamily Property Fund, which Savanna. The fund raised $443mn, targeting offi ce, residential closed in June 2013 having raised $137mn. The fund focuses on and retail properties along the Boston to Washington DC corridor, garden-style and low- to mid-rise multifamily properties along the which are underperforming or undercapitalized, or are suitable Boston to Washington DC corridor. for redevelopment or repositioning. It will particularly focus on developments throughout New York City. The 10 largest Northeast US-focused funds that have reached a fi nal close since 2012 are displayed in Fig. 5. JBG Fund IX, Fig. 5: Top 10 Northeast US-Focused Closed-End Private Real Estate Funds Closed, 2012-2014 Final Close Date of Fund Firm Firm Headquarters Strategies Size ($mn) Final Close Opportunistic and Value JBG Fund IX JBG Companies Chevy Chase, MD 680 Sep-14 Added FCP Realty Fund II Federal Capital Partners Chevy Chase, MD 529 Jul-12 Debt and Value Added Opportunistic and Value Savanna Real Estate Fund III Savanna New York, NY 443 Nov-14 Added Davis Investment Ventures Distressed, Opportunistic Davis Companies Boston, MA 414 Nov-12 Fund II and Value Added Normandy Real Estate Debt, Distressed and Normandy Real Estate Fund III Morristown, NJ 350 Mar-14 Partners Value Added Charles River Realty Newton Lower Falls, Opportunistic and Value Charles River Realty Fund II 255 Nov-12 Investors
Load more

Recommended publications
  • Attendee Bios
    ATTENDEE BIOS Ejim Peter Achi, Shareholder, Greenberg Traurig Ejim Achi represents private equity sponsors in connection with buyouts, mergers, acquisitions, divestitures, joint ventures, restructurings and other investments spanning a wide range of industries and sectors, with particular emphasis on technology, healthcare, industrials, consumer packaged goods, hospitality and infrastructure. Rukaiyah Adams, Chief Investment Officer, Meyer Memorial Trust Rukaiyah Adams is the chief investment officer at Meyer Memorial Trust, one of the largest charitable foundations in the Pacific Northwest. She is responsible for leading all investment activities to ensure the long-term financial strength of the organization. Throughout her tenure as chief investment officer, Adams has delivered top quartile performance; and beginning in 2017, her team hit its stride delivering an 18.6% annual return, which placed her in the top 5% of foundation and endowment CIOs. Under the leadership of Adams, Meyer increased assets managed by diverse managers by more than threefold, to 40% of all assets under management, and women managers by tenfold, to 25% of AUM, proving that hiring diverse managers is not a concessionary practice. Before joining Meyer, Adams ran the $6.5 billion capital markets fund at The Standard, a publicly traded company. At The Standard, she oversaw six trading desks that included several bond strategies, preferred equities, derivatives and other risk mitigation strategies. Adams is the chair of the prestigious Oregon Investment Council, the board that manages approximately $100 billion of public pension and other assets for the state of Oregon. During her tenure as chair, the Oregon state pension fund has been the top-performing public pension fund in the U.S.
    [Show full text]
  • P10 Holdings, Inc. Delaware 74-2961657 (State of Incorporation) (IRS Employer Identification No.)
    Audited Annual Report to Shareholders for The Year Ended December 31, 2019 P10 Holdings, Inc. Delaware 74-2961657 (State of Incorporation) (IRS Employer Identification No.) 8214 Westchester Drive Suite 950 Dallas, TX 75225 (Address of principal executive office) (214) 999-0149 (Company’s telephone number) Common Stock $0.001 Par Value Trading Symbol: PIOE Trading Market: OTC Pink Open Market 110,000,000 Common Shares Authorized 89,411,175 Shares Issued and 89,234,816 Shares Outstanding As of March 27, 2020 Special Note Regarding Forward-Looking Statements The following stockholder letter contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements other than statements about historical or current facts, including, without limitation, statements about our business strategy, plans, and objectives of management and our future prospects, are forward-looking statements. You can identify forward-looking statements by words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate,” “seek,” “continue,” and other similar words. You should read statements that contain these words carefully because they discuss our future expectations, make projections of our future results of operations or financial condition, or state other “forward-looking” information. We claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995 for all forward-looking statements. We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to risks, uncertainties and assumptions about our business that could affect our future results and could cause those results or other outcomes to differ materially from those expressed or implied in the forward-looking statements.
    [Show full text]
  • September 29, 2020
    Plymouth County Retirement Association September 29, 2020 Meeting Materials BOSTON CHICAGO LONDON MIAMI NEW YORK PORTLAND SAN DIEGO MEKETA.COM Plymouth County Retirement Association Agenda Agenda 1. Estimated Retirement Association Performance As of August 31, 2020 2. Performance Update As of July 31, 2020 3. Current Issues Non-Core Real Estate RFP Respondent Review Non-Core Infrastructure Finalist Presentations 4. Disclaimer, Glossary, and Notes 2 of 129 Estimated Retirement Association Performance As of August 31, 2020 3 of 129 Plymouth County Retirement Association Estimated Retirement Association Performance Estimated Aggregate Performance1 August2 QTD YTD 1 YR 3 YR 5 YR 10 YR (%) (%) (%) (%) (%) (%) (%) Total Retirement Association 2.7 6.3 0.5 7.8 5.0 6.4 7.9 Policy Benchmark 3.1 6.8 3.0 10.1 6.9 7.7 8.5 Benchmark Returns August QTD YTD 1 YR 3 YR 5 YR 10 YR (%) (%) (%) (%) (%) (%) (%) Russell 3000 7.2 13.3 9.4 21.4 14.0 13.9 14.9 MSCI EAFE 5.1 7.6 -4.6 6.4 2.3 4.7 5.9 MSCI Emerging Markets 2.2 11.3 0.5 14.5 2.8 8.7 3.8 Barclays Aggregate -0.8 0.7 6.9 6.5 5.1 4.3 3.7 Barclays TIPS 1.1 3.4 9.6 9.0 5.7 4.6 3.7 Barclays High Yield 1.0 5.7 1.7 4.7 4.9 6.5 6.9 JPM GBI-EM Global Diversified (Local Currency) -0.3 2.7 -4.4 1.7 0.7 4.6 1.3 S&P Global Natural Resources 4.0 7.6 -13.0 -1.9 -0.1 5.6 1.5 Estimated Total Assets Estimate Total Retirement Association $1,106,611,546 1 The August performance estimates are calculated using index returns as of August 31, 2020 for each asset class.
    [Show full text]
  • 2019 ILGIF Annual Report
    2019 ANNUAL REPORT TABLE OF CONTENTS A Message from the Treasurer ���������������������������������������������������������������������3 Fund Overview ������������������������������������������������������������������������������������������������5 Why Invest in Venture Capital?..........................................................................5 Overview..............................................................................................................6 History of ILGIF...................................................................................................6 ILGIF Goals..........................................................................................................6 Vision ..................................................................................................................6 Mission ................................................................................................................6 Illinois Venture Capital Landscape ��������������������������������������������������������������7 Investment Performance ������������������������������������������������������������������������������9 Investment Activity in 2019 ������������������������������������������������������������������������������������ 10 Key Investment Updates ����������������������������������������������������������������������������������������� 10 Economic Impact ������������������������������������������������������������������������������������������12 Equity, Diversity, and Inclusion �����������������������������������������������������������������13
    [Show full text]
  • 2010 Year-In Review
    EntrepreneurZell Lurie Institute Year-in-Review FALL 2009/WInTER 2010 www.zli.bus.umich.edu FRoM THE ExECUTIVE DIRECToR In THIS ISSUE THoMAS C. KInnEAR With our reputation as a national leader in entre- Wolverine Venture Fund preneurship education firmly established during the Frankel Commercialization Fund past decade, the Samuel Zell and Robert H. Lurie Social Venture Fund Institute for Entrepreneurial Studies has continued to innovate deepening its substantial footprint on Awards & Scholarships the entrepreneurial ecosystem within the Stephen Marcel Gani Internships M. Ross School of Business, across the University Business Plan Competitions of Michigan campus and throughout the state of Entrepreneurial Multidisciplinary Action Projects Michigan. Within these pages many different venues Dare to Dream Student Start-up Grants are represented that serve to enrich the complex TechArb Incubator for Student Start-ups mosaic of new-venture creation and venture-capital Entrepreneur & Venture Club Highlights investment where our students learn and our gradu- ates pursue fulfilling careers. Thank you for your Institute’s 10 Year Anniversary Celebration continued support and participation as we prepare Entreplaooza Entrepreneurship Symposium our students for entrepreneurial success. Michigan Growth Capital Symposium Michigan Private Equity Conference Wolverine Venture Fund: Achieves Record $2 Million Return on HandyLab Acquisition Fund Award Recipients Michael Godwin and Jason Townsend (MBAs ’10) were honored with the David T. Shelby Award for their The acquisition of HandyLab Inc. by Becton Dickinson and Company in outstanding leadership of the Fund, in honor of the WVF’s first alumni manager and co-founder, David Shelby. november 2009, provided a record-setting $2 million return on the fund’s strategic venture capital investments in HandyLab increasing the WVF Student Members fund’s size to $5.2 million.
    [Show full text]
  • Suppliers Look to Fuel Future
    20130114-NEWS--0001-NAT-CCI-CD_-- 1/11/2013 5:49 PM Page 1 ® www.crainsdetroit.com Vol. 29, No. 2 JANUARY 14 – 20, 2013 $2 a copy; $59 a year ©Entire contents copyright 2013 by Crain Communications Inc. All rights reserved Page 3 Huron Capital’s largest fund Suppliers closes $100M above goal CEO works Can you make the call? Stadiums bolster wireless look to for quality, CRAIN’S MICHIGAN BUSINESS fuel future community GR west side developers Schlichting’s drive brings health pursue Gateway to progress, Mileage-boosting tech system award, merger plans Page 10 on display at NAIAS BY JAY GREENE Health Care CRAIN’S DETROIT BUSINESS BY DUSTIN WALSH You could say Nancy Schlichting’s journey CRAIN’S DETROIT BUSINESS the past nine years as CEO of Henry Ford Health System — and selection as Crain’s 2012 Cars will do what cars do at the Newsmaker of the Year — were all about her North American International Auto ability to inspire and drive quality and per- Show — draw crowds and cameras. formance improvement. But at several exhibits, rapid That culminated last year with the an- advancements in new fuel-saving nouncement that the products will have supplier execu- system had won the Mal- tives and politicians using the De- NEWSMAKER Pro and CON: Michigan’s colm Baldrige National troit event as a showcase for new This permanently Quality Award and that it technology and a platform to talk LUNCHEON hurdles for hospitals: Page 14 engaged starter was proceeding toward a about the future. Ⅲ When: 11:30 is part of the fuel- merger with Beaumont saving start-stop While automotive infotainment a.m.
    [Show full text]
  • 2020 13Th Annual
    2020 13TH ANNUAL 13TH ANNUAL ALTERNATIVEALTERNATIVE INVESTMENTSINVESTMENTS CONFERENCECONFERENCE PRESENTED BY TRANSFORMATIVE STRATEGIES TO DRIVE PORTFOLIO PERFORMANCE: As technology and financial innovation accelerate, strategies across asset classes are converging to unlock value. HOSTED BY THE INSTITUTE FOR PRIVATE CAPITAL UNC KENAN-FLAGLER BUSINESS SCHOOL www.uncaic.com/2020 THE UNIVERSITY OF NORTH CAROLINA AT CHAPEL HILL March 5th CAMPUS BOX 3440, MCCOLL BUILDING The Carolina Inn CHAPEL HILL, NC 27599-3440 The University of North Carolina at Chapel Hill FASTER FORWARD 13TH ANNUAL 2Make changeWELCOME an opportunity instead of a challenge. Turn to us for the kind of technology, insight and service that helps Investing with Insight 3achieve yourSPONSORS goals – so you can focus on your core business. and Conviction 4-5For moreCONFERENCE information, visit AGENDA northerntrust.com or contact: KEYNOTE SPEAKERSMichael Blake 8-9 Since 1972, Adams Street Partners has focused on investing in private 312-444-5655 markets globally across vintages and multiple economic cycles. With a 10-29 PANEL [email protected] & ROUNDTABLE DISCUSSIONS global platform that benefits from investment experience, proprietary data, and trusted relationships, we target opportunities with high growth, 31 THE INSTITUTE FOR PRIVATE CAPITAL innovation-driven investment theses. ACHIEVE GREATER 35 UNC KENAN-FLAGLER PRIVATE EQUITY CLUB Adams Street invests across a range of dedicated private TABLE OF CONTENTS TABLE market strategies: Primary Fund Investments Secondaries Co-Investments Venture Capital Growth Equity Private Credit WELCOME For more information, visit us at adamsstreetpartners.com On behalf of the Institute for Private Capital at UNC Kenan-Flagler, we welcome you to the 13th Annual Alternative Investments Conference.
    [Show full text]
  • 2014Latinmarkets Miami.Pdf
    Dear Attendee, It is with great pleasure that I invite you to join us at the 2nd Annual Private Wealth Latin America and the Caribbe- an Forum in Miami, Florida. This event is the leading meeting for Family Offices, Wealth Managers, Private Banks and HNWIs in the region and the flagship meeting of our private wealth series. In our second year, we will look to take conversations deeper and build on the connections that were established at our inaugural event. A two day summit providing updated education on asset allocation, asset protection, private client manage- ment, offshore structuring, tax, trust and estate planning More than 500 attendees including experts on the private client landscape from around Latin America and the Caribbean, more than 30 countries represented, including more than 100 members of a world class speaker faculty. An event structured around high level content and more than ten hours of targeted networking sessions. We have put the forum together to address the needs of family members, family offices and industry leading inter- mediaries and will continue to strive to provide the most updated intelligence on private wealth management in Lat- in America. We are looking forward to hosting you at the conference. Regards, Kilby Browne Head of Private Wealth Group Latin Markets Discount Hotel Reservations: $235 per night - email to reserve: [email protected] or call 1-800-327-3005 and use group code VQO Private Wealth Series 2014 2nd Annual 2nd Annual 3rd Annual Private Wealth Latin America & The Private Wealth
    [Show full text]
  • RCP Fund XVI, LP Form D/A Filed 2021-08-16
    SECURITIES AND EXCHANGE COMMISSION FORM D/A Official notice of an offering of securities that is made without registration under the Securities Act in reliance on an exemption provided by Regulation D and Section 4(6) under the Act. [amend] Filing Date: 2021-08-16 SEC Accession No. 0001871215-21-000002 (HTML Version on secdatabase.com) FILER RCP Fund XVI, LP Mailing Address Business Address 353 N. CLARK STREET 353 N. CLARK STREET CIK:1871215| IRS No.: 861976929 | State of Incorp.:DE | Fiscal Year End: 1231 SUITE 3500 SUITE 3500 Type: D/A | Act: 33 | File No.: 021-405847 | Film No.: 211176319 CHICAGO IL 60654 CHICAGO IL 60654 312-229-4135 Copyright © 2021 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document UNITED STATES SECURITIES AND EXCHANGE COMMISSION OMB APPROVAL OMB Number: 3235-0076 Washington, D.C. 20549 June 30, Expires: FORM D 2012 Estimated average burden hours per 4.00 Notice of Exempt Offering of Securities response: 1. Issuer's Identity CIK (Filer ID Number) Previous Name(s) ☒ None Entity Type 0001871215 ☐Corporation Name of Issuer ☒ Limited Partnership RCP Fund XVI, LP ☐ Limited Liability Company Jurisdiction of Incorporation/ Organization ☐ General Partnership DELAWARE ☐ Business Trust Year of Incorporation/Organization ☐Other ☐ Over Five Years Ago ☒ Within Last Five Years (Specify Year) 2021 ☐ Yet to Be Formed 2. Principal Place of Business and Contact Information Name of Issuer RCP Fund XVI, LP Street Address 1 Street Address 2 353 N. CLARK STREET SUITE 3500 City State/Province/Country ZIP/Postal Code Phone No. of Issuer CHICAGO ILLINOIS 60654 312-229-4135 3.
    [Show full text]
  • Private Equity Spotlight
    Welcome to the latest edition of Private Equity Spotlight, the Private Equity Spotlight monthly newsletter from Preqin providing insights into private equity September 2015 performance, investors, deals and fundraising. Private Equity Spotlight combines information from our online services Performance Analyst, Investor Intelligence, Fund Manager Feature Article Profi les, Funds in Market, Secondary Market Monitor, Buyout Deals Analyst 2015 Preqin Private Equity Fund Terms Advisor: Executive Summary and Venture Deals Analyst. In this month’s Private Equity Spotlight, we present the Executive Summary of the newly released 2015 Preqin Private Equity Fund Terms Advisor, the most comprehensive guide to September 2015 private equity fund terms and conditions ever produced. Page 3 Volume 11 - Issue 7 Lead Article FEATURED PUBLICATION: The Growing Prominence of Alternative Assets 2015 Preqin Alternative Assets Performance Monitor Following the release of the 2015 Preqin Alternative Assets Performance Monitor, this extract from the new-look publication explores the increasing prominence of alternative assets, as well as summarizing a selection of the key fi ndings with regards to private equity The 2015 Preqin Alternative Assets performance. Page 7 Performance Monitor Preqin Industry News Private equity fundraising for natural resources-focused funds has reached an all-time high A comprehensive guide to the performance of alternative assets as at the end of August 2015. We present the latest news stories relating to deals and ISBN: 978-1-907012-84-6 $175 / £105 / €145 fundraising in the industry. www.preqin.com Page 11 alternative assets. intelligent data. To find out more, download More from Preqin: New Private Equity Research sample pages or to obtain your copy, please visit: Featured new private equity research from Preqin this month.
    [Show full text]
  • I Am a Private Equity Investor IVCA Viewpoint About IVCA
    I am a Private Equity Investor IVCA Viewpoint About IVCA IVCA enhances the growth of the Midwest’s $100 billion venture capital/private equity community by advocating on behalf of the industry. – Promote institutional investment in local private equity firms. – Provide networking opportunities for Midwest-based firms. – Support public policy initiatives that make Illinois an appealing financial center. – Share up-to-the-minute news on local venture capital/private equity firms and professional service providers. – Facilitate intermediaries’ and entrepreneurs’ identification of appropriate venture capital or private equity firms for a given investment. – Communicate the substantial economic value of a strong private equity community. 2 Letter From IVCA Chairman Lee M. Mitchell I am a Private Equity investor. And I have been for 20 years. My role has been a very direct one, as a principal of private investment firms. Countless millions of people are investors in and beneficiaries of private equity. They just don’t realize it. The arms of our private equity and venture capital sector spread wide, enveloping the many Americans whose lives are touched by the benefits made possible by the investments of institutional investors and others. Forty-three percent of private IVCA Chairman Lee M. Mitchell equity dollars come from public and private pensions that support retirees. Nineteen percent comes from endowments of colleges and universities and the foundations that undertake important social missions, the Private Equity Growth Capital Council reports. Yet, despite its benefits, private equity hides in plain sight. Few voters, taxpayers or informed citizens truly understand the invaluable role our industry plays. “ Countless millions In our last IVCA Viewpoint, we focused on defining private equity, seeking to capture of people are in depth its role as a vital engine that helps power the American economy.
    [Show full text]
  • Speaker Biographies
    S P E A K E R BIOGRAPHIES MERCER MIKE ANCELL ALEX BERNHARDT Health Care Investments US Responsible Investment Leader Segment Leader Alex, a principal and the head of RI for Michael is a partner in Mercer’s Mercer in the US, is a noted expert in Investments business and the national catastrophe, weather, and financial segment leader for health care, with responsibility for risk management. In his role as US RI leader, Alex is leading the health care investing practice. driving innovation in environmental and social risk assessment for investors of all types and sizes, with a Prior to joining Mercer, Michael served as a senior focus on climate change. He also facilitates strategic consultant and was a member of the Investment Policy governance exercises with investor boards around Group and Internal Investment Committee at Hammond sustainability and ESG integration. Associates. Prior to joining Hammond Associates, he was vice president and head of financial institutions equity Prior to joining Mercer, Alex was a senior vice president research for Bank of America Capital Management, at Guy Carpenter, another Marsh & McLennan operating helping manage Bank of America’s $300 billion in mutual company, where he founded and ran the firm’s GC fund, institutional, and high-net-worth assets. Before Micro Risk Solutions® division, focused on the design that, Michael was a senior financial services analyst for and development of index-based micro (re)insurance Edward Jones, helping construct and monitor model programs for development banks, microfinance equity portfolios. Michael began his professional career institutions, and insurers. Additionally, he supported the as a financial institution examiner with the FDIC in the firm’s broader growth efforts, advising public and private Kansas City region.
    [Show full text]