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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
With concerns regarding infrastructure asset pricing ranking highest among institutional investors surveyed by Preqin, this extract from Preqin Infrastructure Spotlight – August 2015 examines the rise in average infrastructure deal sizes by geography, industry and project stage.
Global average deal size
As an asset class, infrastructure has grown in prominence and significance in recent years, although infrastructure deal flow has fluctuated alongside this. The number of completed infrastructure deals grew rapidly from 733 in 2009 to 1,056 in 2013. However, in 2014 the number of deals tailed off: only 883 deals were completed, with a further 325 completed this year so far.
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.
Private equity firm TA Associates has added investment staff with Amara Suebsaeng, Alex Melamud and Max Cancre rejoining the firm as Vice Presidents in Boston, Menlo Park and London, respectively, while John DiCola has joined the firm as a Vice President in Boston.
“We are pleased to welcome John to TA Associates and are excited to have Amara, Alex and Max return to the firm,” says Brian J Conway (pictured), Chairman and a Managing Director at TA Associates. “These four individuals bring a depth of knowledge within a number of TA’s focus industries. We look forward to them joining our
After reaching a record high of USD56.4B spent in 2014, the US is on track to smash that record and break USD70 billion in Venture Capital (VC) spending by the end of 2015, according to a new report from KPMG and CB Insights.
Venture Pulse Q2 '15, the first in a global quarterly VC report series, reveals that with USD36.9 billion already invested in the first half of the year, the final total money spent by VCs in 2015 could mark a five-year high for the US
According to the report, the US has collectively seen more than USD15B
ApplePie Capital, the first marketplace lender solely dedicated to the franchise industry, has appointed Jeff Zinn as Head of Capital Markets.
Zinn comes to ApplePie Capital from Jefferies & Company, a global investment bank and institutional securities firm, where he served as Managing Director, specialising in structured product sales since 2011.
With 20 years of experience in the securities industry, Jeff will be responsible for accelerating ApplePie Capital's growth and expanding the company's relationships with institutional investors, ensuring that ApplePie can continue to provide efficient and affordable financing to franchise businesses across the nation.
Commenting on the appointment,
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) –
Fifteen years after the dotcom collapse we see another tech crash approaching. ‘Bubble’ and ‘unicorn’ are entering the mainstream vernacular. We are becoming comfortably numb with tech company overvaluations, says Victor Basta, managing partner at Magister Advisors…
The vocabulary has changed (for ‘dotcom’ read ‘unicorn’), the dynamics are different (largely private rather than public), but the impact on the tech sector, and the choices companies should be making now, are no less profound as the coming crash slowly unfolds.
The signs are already here that a serious correction is in the air:
• VC investment pace is blistering
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
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