Managers
The real estate funds industry is alive and well from an asset raising perspective. In 2012, private RE funds closed with USD72 billion in committed institutional assets. By 2014, that number had increased by 45 per cent, according to leading alternative asset data provider, Preqin.
While this is encouraging, the reality is that for most RE managers, the playing field has become extremely competitive as more players enter the arena to compete for a share of the assets.
Institutional investors favour the big global names in real estate who are attracting the lion’s share of assets, in a similar fashion
SpotHero has closed a USD20 million Series B round led by Insight Venture Partners.
SpotHero’s existing investors – Battery Ventures, Bullpen Capital, Chicago Ventures, Draper Associates, OCA Ventures, Pritzker Group Venture Capital and 500 Startups – also participated in the round along with Monkfish Equity, an investment group started by the founders of trivago.
With this latest funding, SpotHero has raised USD27 million in total capital. The company will use the investment to accelerate marketing efforts, explore strategic relationships and hire 25 new positions in Chicago, New York City and San Francisco.
SpotHero’s on-demand parking service provides a
Preqin’s Real Estate Online provides comprehensive profiles for the 49 institutional investors based in Boston that actively invest in the real estate asset class, collectively representing over USD1.1 trillion in assets under management. The largest proportion of institutional investors are foundations, representing a quarter of investors located in the city. Boston has a strong private wealth industry; a fifth of real estate investors based in Boston are wealth managers and a further 14 per cent are family offices.
Read the full factsheet here, which contains charts, tables and analysis of the private real estate investor universe in Boston.
The Scottish Investment Bank (SIB), Scottish Enterprise’s investment arm, has relaunched its co-investment funds, with the aim of investing up to GBP75 million into companies across Scotland over the next three years.
By streamlining its co-investment funds from four to two and widening the investment parameters, SIB is increasing flexibility and accessibility for businesses and investors who will now be able to easily identify and seek to access the appropriate investment fund where there is a funding gap and request for SIB investment.
The enhanced funds – the Scottish Co-Investment Fund (SCF) and the Scottish Venture Fund (SVF) –
With most investors believing that small-sized and mid-market buyout funds currently present the best opportunities in private equity, this article from Preqin Private Equity Spotlight, August 2015, examines whether the size of a buyout fund has any significant impact on returns.
According to Preqin’s latest investor survey, carried out in June 2015, over half of LPs (51 per cent) surveyed see small-sized and mid-market buyout funds as currently presenting the best opportunities in private equity. In contrast, just 10 per cent of investors believe that large-sized and mega buyout funds present the best opportunities.
Despite this investor view, private
SS&C Technologies Holdings has acquired Citigroup's Alternative Investor Services business, which includes Hedge Fund Services and Private Equity Fund Services, for USD425 million, subject to certain adjustments.
"This acquisition is solidly in line with SS&C's strategy of combining organic growth with select, high quality acquisitions. Citi Alternative Investor Services clients can be assured of SS&C's commitment to continue to serve them with world class people, process and technology. We are excited about adding these talented employees and look forward to the ideas and passion they will bring to our organisation,” says Bill Stone (pictured), Chairman and Chief Executive Officer, SS&C
The business of asset management has grown exponentially more complex over the last decade. As system technology and data management improves, managers are devising ever-new investment strategies to find that elusive source of alpha.
Bank loan funds, direct lending funds, liquid alternatives, separately managed accounts that offer institutional investors sub-sets of a manager’s equity long/short strategy for example; all are bubbling away in a heady alchemical mix. This is putting an incredible strain on the operational model; one that no longer holds water compared to a decade again when the product universe was simple and managers operated free of regulation.
Mesa West Capital has provided an affiliate of The EMMES Group of Companies a USD130 million in first mortgage debt to recapitalise 1 Columbia Place, a 556,000-square-foot Class A office complex in Downtown San Diego.
A majority of the proceeds from the five-year, non-recourse loan will be used to refinance the CMBS loan Emmes assumed when it acquired the 27-story high rise in 2012. Funds have also been earmarked for additional leasing costs and to continue EMMES’s capital improvement program that will complete a USD20 million renovation and repositioning of the re-named Columbia Center located at 401 W A Street.
Monadnock Resources has secured a USD100 million equity commitment from Kayne Anderson Energy Funds and members of the firm’s management team.
Monadnock is being formed to target the acquisition and development of oil and natural gas assets in North America.
Monadnock is a newly formed independent oil and gas company headquartered in Dallas, Texas. The Monadnock management team is led by Matt Gentry, President and CEO; Adam Howard, Vice President of Engineering; David Williamson, Vice President of Geoscience; and Kelli Roach, Vice President and General Counsel. Management has extensive technical and operational experience across several North American basins. Prior to
HIG Middle Market is to acquire HelpSystems from current investor Summit Partners. The completion of the transaction is subject to regulatory and anti-trust approval.
Headquartered in Eden Prairie, MN, HelpSystems is a leading provider of system & network management, business intelligence, and security & compliance solutions. With over 9,000 customers across a broad range of industries, HelpSystems is the market leader within system & network management for the IBM-i operating system and is rapidly expanding its presence on the Windows, Linux, and Unix platforms.
Fraser Preston (pictured), Managing Director at HIG, says: “We are excited to partner with Chris Heim,
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12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
