Preqin Quarterly Update: Real Estate, Q3 2014

Preqin Quarterly Update: Real Estate, Q3 2014

Despite a slight fall in fundraising in Q3 2014 compared to the previous quarter, the total capital raised in 2014 so far remains strong, with the USD63bn raised in the first three quarters of the year surpassing the USD56bn raised during the same period last year. However, the number of funds reaching a final close has declined from 166 to 121 over this time period, and almost two-thirds of capital raised by funds holding a close in Q3 came from just five firms, suggesting that capital is increasingly concentrated among fewer managers. »


Preqin Quarterly Update: Infrastructure, Q3 2014

Preqin Quarterly Update: Infrastructure, Q3 2014

Fundraising for private infrastructure funds has remained strong in 2014 to date, with the 14 funds closing on an aggregate USD8.5bn in Q3 2014 bringing the total raised throughout the year to USD27bn, a small increase on the USD23bn raised over the same period last year. However, capital is further concentrated among a smaller selection of managers, with the number of funds to close falling. Just 28 funds have closed in the first three quarters of this year, compared to 41 in the same period in 2013. »


Preqin Quarterly Update: Private Equity, Q3 2014

Preqin Quarterly Update: Private Equity, Q3 2014

The third quarter of 2014 saw 199 private equity funds reach a final close, raising USD80bn in aggregate capital, representing 21% fewer vehicles and a significant 44% decrease in capital commitments compared to the previous quarter. However, the relatively low number of funds means that the average fund size of USD402m is particularly high. Investors seem to be more inclined to commit capital to the larger, more established private equity fund managers, and these statistics serve as evidence of continuation of the trend seen in the fundraising market last year. »


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LGIM appointed as one of three to implement PiRho’s new fiduciary management service

Legal & General Investment Management (LGIM) has been appointed by PiRho Investment Consulting to act as one of three managers selected to implement its new fiduciary management service. »


Money and calculator

Investors turning back to asset-backed lenders, says Oak Hill

Investors are increasingly migrating toward private fixed income investments and other sources of competitive yield, says Old Hill Partners. »


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Carey Olsen ranked tier 1 for corporate and funds work across jurisdictions

Carey Olsen's financial and corporate and investment funds work in the Channel Islands, the Cayman Islands and the British Virgin Islands has been recognised in the 2015 International Financial Law Review 1000 (IFLR1000) guide. »


Pension

Fund managers with more than GBP1trn to be quizzed at first NAPF Stewardship Accountability Forum

The National Association of Pension Funds (NAPF) is launching a programme of Stewardship Accountability Forums to offer pension funds of all sizes the opportunity to quiz asset managers on their stewardship activities on behalf of pension savers. »


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Loomis Sayles appoints director, institutional services in Asia

Loomis Sayles Investments Asia has appointed Michael Chang as director of institutional services, Asia. »


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Charles River expands IBOR solution

Charles River has expanded its Investment Book of Record (IBOR) offering by integrating Interactive Data’s Corporate Actions Service as an integral part of the Charles River Investment Management Solution (IMS). »


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Evanston Capital Management hires head of strategic business development

Alternative investment management firm Evanston Capital Management has appointed Lance Donenberg as principal and head of strategic business development, effective 1 October. »


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