Fundraising

The firm’s president and COO Tony James said the fund would reach $12.5bn for its final close, lower than its original $20bn target.

A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.

Despite coming in shy of target, it is the largest fund raised for Asia in the last 18 months.

GPs and LPs alike are starting to mull new approaches to compensation and incentivisation. In the final installment of a three part series, Zoe Hughes discusses splitting a fund's assets into good deals and bad deals - with only the good deals included in carry calculations.

The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.

GPs and LPs alike are starting to mull new approaches to compensation and incentivisation. In the second of a three part series, Zoe Hughes describes one theory: to prevent GP teams from falling apart through a lack of carry, LPs and GPs should create a pool of capital to fund retention bonuses for staff.

Research by Swiss group, SCM Strategic Capital Management, suggests placement agents decided not to work for certain firms last year in the belief that their fundraising efforts would flounder

Will Kussell, who worked as president at the restaurant chain, will help Advent identify investment opportunities.

Several institutions have carved out - or considered creating - space for private equity for the first time, countering a retreat by struggling LPs with more experience in the asset class.

GPs and LPs alike are starting to mull new approaches to compensation and incentivisation. In the first of a three part series, David Snow proposes tethering carry to performance.