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(iStock / illustration by Alison Bushor for The Real Deal) The lights are still dark at the Diplomat Beach Resort, a sprawling 1,000-room oceanfront hotel in South Florida. More than a year after the pandemic began, conventions and business travelers — the lifeblood of such large properties — remain sparse. And cruises, which usually feed hordes of passengers to hotels, are still halted. While leisure travelers have descended on South Florida over the past six months, pushing hotel rates up and boosting occupancy, the hotel market’s overall recovery still hinges on the return of conve...

1. Note that references in this announcement to Apax Global Alpha Limited have been abbreviated to "AGA" or "the Company". References to Apax Partners LLP have been abbreviated to "Apax Partners" or "the Investment Adviser"   2. Please be advised that this announcement may contain inside information as stipulated under the Market Abuse Regulations (EU) NO. 596/2014 ("MAR")   3. This announcement is not for release, publication or distribution, directly or indirectly, in whole or in part, into or ...

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By Susanna Rust2021-03-01T15:56:00+00:00 Pensions industry veterans Wendy Mayall and David Hunter have founded a multi-manager platform that aims to open up access for pension funds and other institutional investors to deploy assets into renewable energy. Mayall, the ex-CIO of Unilever pension fund, and Hunter, a former head of research at Aon, launched Renewity because they believe that with single manager options there is a lack of “scale and speed” in accessing renewable energy opportunities, and that this is in turn creating a capacity challenge that could impede efforts to channel ...

Specialist fund administration: The brain gain for private equity fund admin There is no stopping private equity – or the specialist administration firms that provide services to private equity funds. There are said to be more than 2,000 specialist fund administrators, many rooted in the trust and corporate services sector that traditionally provides legal and accountancy work for ‘special purpose vehicles’ (SPVs) – the structures often used for private equity funds as well as wealthy individual and family-office investors. Growth in private equity, debt, real estate and infrastructur...