Commentaries

Real estate investors go begging

July 29, 2009

Investors in real estate funds can’t give their stakes away.

In another sign of more bad news to come for commercial real estate, NYPPEX Private Markets reports a sharp drop in prices for limited partnership stakes in real estate funds in the unregulated secondary market. NYPPEX says the average bid for these partnership shares plunged 61% over the past month to a price that represents roughly 22 cents on the dollar.

The Top Secret PE Exit Strategy

June 4, 2009

The problem with being a private equity investor is that you’re subject to long lockups for withdrawing money–sometimes up to 5 years.