Leveraged Breakdowns

Welcome to Part Eleven of our Fund Profile Series. We’re continuing to work our way through the top 50 global real estate private equity (REPE) firms according to the 2020 PERE 100 list. Each Fund Profile briefly summarizes each fund’s history, as well as getting into the details of the funds themselves. And to help you get ready for your upcoming REPE technical interview(s), we also outline a few of each firm’s key real estate equity investments in recent years.  Following on from Part Ten of the series which zeroed in on Angelo Gordon, the eleventh part of this series will peel back the curtain on CBRE Investment Management. The lowdown on CBRE Investment Management CBRE Investment Management (formerly known as CBRE Global Investors), started life in 1972 as the asset management arm of Coldwell Banker, a spin-off commercial real estate company formed by a group of colleagues after the devastating San Francisco earthquake of 1906. Coldwell Banker would later become the behe...

Welcome to the milestone that is Part Ten of our Fund Profile Series! We’re one fifth of the way through the top 50 global real estate private equity (REPE) firms on the 2020 PERE 100 list. Each Fund Profile briefly summarizes each fund’s history, as well as getting into the details of the funds themselves. And to help you prepare for your real estate private equity interview (s), we also outline a few of each firm’s notable real estate equity investments in recent years.  Following on from our focus on BentallGreenOak in Part Nine of the series, this tenth chapter will examine Angelo, Gordon & Co. in more detail. Key facts about Angelo Gordon Angelo, Gordon & Co. (aka Angelo Gordon) was founded in 1988 by two former L. F. Rothschild & Company colleagues, John M. Angelo and Michael L. Gordon, after their former employer’s collapse following the ‘Black Monday’ stock market crash of 1987—both were senior figures of the firm’s arbitrage department before jumping shi...

Welcome to Part Nine of our Fund Profile Series. So far, our series has worked its way through the first eight entries of the top 50 global real estate private equity (REPE) firms, according to the 2020 PERE 100 list. Here, each of our Fund Profiles briefly summarizes each fund’s history, as well as examining the details of the funds themselves. And we also outline a few of each firm’s key real estate equity investments in recent years to help you prepare for your upcoming REPE technical interview (s).  Following on from Part Eight of the series focused on the Rockpoint Group, today’s post will take a closer look at BentallGreenOak. Key facts about BentallGreenOak The BentallGreenOak group of companies was formed in 2019 after the North American real estate asset management arm of Sun Life Financial Inc (at the time), Bentall Kennedy, purchased a majority stake in GreenOak Real Estate from the Tetragon Financial Group. After the deal closed, BentallGreenOak became part of SL...

Welcome to Part Eight of our Fund Profile Series. We’re continuing to work our way through the top 50 global real estate private equity (REPE) firms according to the 2020 PERE 100 list. Each Fund Profile briefly summarizes each fund’s history, as well as getting into the details of the funds themselves. And to help you get ready for your upcoming REPE technical interview(s), we also outline a few of each firm’s key real estate equity investment in recent years.  As the next follow up from our Carlyle Group profile (in Part Seven ), the eighth part of this series will examine the Rockpoint Group in more detail. Key facts about the Rockpoint Group Bill Walton and Keith Gelb co-founded the Boston-based Rockpoint Group in 2003 after branching off from Westbrook Real Estate Partners, L.L.C., their original real estate investment management firm (founded in 1994). Keith and Bill met at Morgan Stanley, where they worked in different departments prior to forming (in Bill’s case) an...

Welcome to Part Seven of our Fund Profile Series. In this series, we delve into the inner workings of the top 50 global real estate private equity (REPE) firms according to the 2020 PERE 100 list.   Each REPE fund profile briefly summarizes each fund’s history, as well as getting into the details of how the firms carry out their real estate equity investments. By the end of each post, we’re hoping you’ll be able to arm yourself with enough knowledge for your upcoming REPE technical interview! Without further ado: now that we’ve looked at AEW in Part Six of the series, it’s onwards to the Carlyle Group. Key facts about the Carlyle Group Back in 1987 in Washington D.C., five founders—William E. Conway Jr., Stephen L. Norris, David M. Rubenstein, Daniel A. D'Aniello, and Greg Rosenbaum—came together to form the Carlyle Group as a boutique investment banking firm (also known as a merchant bank). Stephen Norris actually named the firm after the famous Carlyle Hotel in New Y...

Welcome to Part Six of our Fund Profile Series. We’re continuing our cross-examination of the top 50 global real estate private equity (REPE) firms, as per the 2020 PERE 100 list.   As you'll know by now if you’ve been following along, each REPE fund profile briefly summarizes each fund’s history, as well as getting into the details of how the firms carry out their real estate equity investments—we’re hoping to help you get up to speed for your upcoming real estate private equity interviews by the end of each post! Now that we’ve looked at Lone Star Funds in Part Five of the series, we’re moving on to focus on AEW Global in more detail. Key facts about AEW AEW was founded in Boston in 1981 by Peter Aldrich, Tom Eastman, and Mark Waltch. The firm became one of the first U.S. REIT advisors in 1995, adding global REITs to its portfolio a decade later, in 2005. Fueled by its domestic growth, the firm expanded into the European market in 1996 with the opening of its Paris ...