NEW YORK CITY-As in the rest of life, real estate private equity funds are marked by the haves and have-nots. On the one hand you have your Blackstones and your Colonies and your AREAs. On the other, if you are a new fund manager, well you have a lot of work to do.
Mark Grinis, in an exclusive interview, told us that he sees a slow turning, that while challenges still exist for many of the funds that aren’t top-of-mind, that 2013 will indeed prove itself to be “a very good vintage” for private equity funds. We asked Grinis how he delineates the haves from the have-nots, and he said that there are just certain names that an LP director can take to the board “without too many questions.”