Real estate giant CB Richard Ellis has hired a Goldman Sachs property derivatives expert to oversee equity raising for its hedge fund joint venture.
Guy Powdrill has been named a senior director at CBRE Real Estate Finance, Financial News reports. Among his responsibilities will be raising equity for the Iceberg Alternative Real Estate Fund, which the firm runs alongside Reech AIM. Powdrill will also lead CBRE REF’s property derivatives trading desk.
At Goldman, Powdrill worked on the property derivatives sales desk.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...