Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Real Estate Investment in AEW Core Open-End Fund This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 to report on a proposed real estate investment of an additional $100 million in the AEW Core Open-End […]
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Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investment in The Resolute Fund II, LP and Carlyle Mezzanine Partners II, LP. This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9 (a) to report on two proposed private equity investments: a $100
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Executive Summary Lehman Brothers Real Estate Partners III, L.P. (together with its parallel funds, the “Fund” or “LBREP III”) is a global real estate merchant banking fund being formed to continue Lehman Brothers’ successful real estate investment activities. The Fund is the third generation opportunistic real estate private equity fund of Lehman Brothers Holdings Inc.
PSERS Recommends $300MM to Lehman Brothers Real Estate Partners III, L.P. Read More »
Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Hedge Fund Investments in Level Global, LP and Pendragon (Lancelot II) Fund, LLC This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9(a) to report on two proposed direct hedge fund investments: a $75 million commitment
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Excerpts: IT Guru John Donovan Sentenced To Clean Up Horse Trails Convicted last summer of faking his own shooting, former MIT professor and well-known IT guru John Donovan Sr. was sentenced this week to clean up horse trails that may include some of his own property, according to a Boston newspaper report Wednesday. A spokesman
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Memorandum to: State Investment Council From: William G. Clark, Director Subject: Proposed Private Equity Investments Wayzata Opportunities Fund II, L.P, NJAI Fund I, L.P. and BlackRock – SONJ Private Opportunities Fund II, L.P. and Side Car Fund I This due diligence memorandum is presented to the State Investment Council (the “Council”) pursuant to N.J.A.C. 17:16-69.9
Lehman Brothers: Introduction to Bond Math A bond is a debt instrument that allows issuers to finance capital needs. It obligates the issuer to pay to the bondholder the principal plus interest. A buyer of the bond is the lender or investor A seller of the bond is the borrower or issuer. When an investor
Excerpts: IT Guru John Donovan Found Guilty of Faking His Own Shooting Former MIT professor John Donovan Sr., an entrepreneur who started several high-tech companies and authored several books on IT, has been found guilty of faking his own shooting. A Massachusetts judge, however, ignored a plea by prosecutors that he be sentenced to jail.
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Excerpt: Son of MIT professor says his father tried to ruin him John J. Donovan Sr., a former MIT professor, is on trial on charges he faked a shooting in 2005 to gain the upper hand in a battle over family trust funds that could be worth hundreds of millions of dollars. Prosecutors said he
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Excerpts: John Edwards Scoops Up Leo Hindery This is interesting news. John Edwards has appointed cables sports industry giant Leo Hindery to serve as Senior Economic Advisor on his campaign. Hindery’s book It Takes a CEO: It’s Time to Lead with Integrity and his interesting recent report on the American economy under the auspices of
