c Julia Cormier, director, alternative investments at Russell Investments, is based in Chicago. A story in the Sept. 6 edition, “Secondaries draw primary interest,” gave a wrong location.
c In the largest real estate managers story on page 1 of the Sept. 20 issue, some figures were incorrect. For the year ended June 30, hybrid debt rose 6% to $3.5 billion and mortgages were up 17% to $120 billion, while mezzanine dropped 18% to $8 billion. Also, U.S. institutional tax-exempt assets of the top 50 managers fell 5.2% to $303 billion. And 53% of the U.S. institutional tax-exempt real estate assets are managed by the top 10 managers, down from 56% in last year's survey.
c The Sept. 20 article, “Private equity firms on the prowl” overstated the decline in Munder Capital Management's assets under management since Crestview Partners and Grail Partners backed that firm's management team in a 2006 buyout. Munder's June 2010 AUM of $13.4 billion reflected in part the sale of more than $10 billion in money market assets between 2007 and 2009.