Thomas Duffell
Thomas Duffell is the Asia Editor for PEI Media. Based in PEI’s Hong Kong office, he is responsible for the cohort of Hong Kong-based reporters and Research & Analytics personnel as the company’s senior editorial representative in the region. He was previously Features Editor for PEI’s private equity real estate title PERE, where he was responsible for the publication's long-form journalism and analysis.
Managers of real estate secondaries funds are creating their own niches to put to work the huge sums of dry powder they collected in recent years.
Alternatives growth spiked as traditional equity and fixed income AUM among the largest 500 asset managers declined 7% during 2015, according to Willis Towers Watson research.
The fund of funds's real estate arm has named Allianz’s former chief executive as senior advisor and chairman of its investment committee.
The Swiss group will deploy the capital in secondaries, direct and primary real estate transactions.
The New York-based firm has agreed to acquire a 34 percent stake in a Norwegian investment management firm as well as a portfolio of Nordic properties for nearly $3bn.
As Landmark closes its $1.6bn real estate secondaries fund, sister publication PERE's Thomas Duffell looks at whether there's enough deal flow for the demand and the best place to find it.
The Simsbury, Connecticut-based private equity and real estate secondaries firm was oversubscribed and exceeded its initial target by $600 million.
The multi-manager arm of the New York-based investment bank has closed its latest real estate secondaries fund on just north of $500m.
The firm has bought two offices in the center of Milan from Unicredito Immobiliare Uno via a secondary transaction it dubbed as a “win-win” for both the seller and buyer.