Pennock J. Yeatman

Provides parking services

Berkeley Capital Management (BCM) tends to invest in the stocks of US large-cap growth companies in the electronic technology, health technology and producer manufacturing sectors. The firm maintains a low turnover rate. BCM's growth equity investment approach is based on the idea that investments in competitively strong companies with superior earnings growth over time should produce above average investment results. The firm seeks to enhance performance by investing in growth stocks that are attractive based on a combination of valuation and momentum factors. From a universe of growth companies as defined by analysts' expectations and a minimum market-cap, BCM develops a focus list of companies that they believe are best able to sustain superior earnings growth over a 5 to 6 year period. Typically, the companies are competitively strong with a significant and growing market share. They have superior profitability, above average sales growth, superior free cash flow, and better-than-average earnings stability. From the focus list, the firm selects companies that are most attractive based on valuation, earnings and price momentum. The firm uses proprietary quantitative tools to support internal and external investment research. The firm will sell a stock when: (1) events occur which affect the expectations of the stock's long-term earnings growth (2) there is a loss of earnings momentum that is not recoverable within six months or (3) when significantly more attractive investment opportunities are identified. BCM's dividend equity strategy employs a disciplined, yield-driven buy and sell process that focuses on S&P 500 stocks with currently high yields. The firm's fixed-income investment strategy seeks to add value through security and sector valuation analysis without depending on the uncertainty of interest rate forecasting. This process incorporates a disciplined, conservative approach to active management. The firm believes that periodically repositioning a portfolio's emphasis toward those fixed-income characteristics that will benefit most during certain phases of the business cycle can produce consistently superior performance. Part of this portfolio repositioning is an intensive look at earnings and revisions of earnings estimates by corporate bond issuers with a focus on investing in companies that can improve their ability to service their debt in the future. BCM overlays this analysis with a macro review of the current position in the business cycle.

Operates department stores

Operates as a real estate investment and management firm

Functions as a College/University

Functions as a College/University

Lubert-Adler utilizes a combination of opportunistic acquisition philosophies and value enhancement programs designed to help create high quality real estate assets at a cost basis well-below their competitive set. A key to these strategies is forging strategic alliances with local third-party operating partners who possess local knowledge and execution capabilities in real estate.

Versa Capital invests in companies located in the United States with an enterprise value of USD 25 - 500 million and revenues of USD 50 million - 1 billion. The firm focuses on a broad range of sectors and industries. It provides financing for MBOs, LBOs, spinoffs, buyouts, divestitures, recapitalizations, restructurings & turnarounds, reorganizations & liquidations with an investment size of USD 10 - 100 million.

Urdang Capital Management focuses on investments in the US real estate market. The firm's employees are organized into two teams: the Private Real Estate team and the Real Estate Debt team. Almost all of Urdang's clients follow their Private Real Estate strategy. Within the private real market, the firm invests in value-added and core/core-plus real estate. Urdang does not offer investment vehicles in their real estate debt strategy to new clients. The firm offers investment advisory services that are customized to meet clients' individual investment goals in the form of separate accounts. They work with clients to create investment guidelines that are mutually acceptable to the client and the firm. When creating investment guidelines, clients may impose investment restrictions including limitations on the use of leverage, legal entity structures or specific property types. Urdang also offers investment advisory services to private funds including closed-end property funds, a real estate debt fund and a securitized asset fund (collateralized debt obligation or CDO). Each private fund has an investment objective and set of investment policies and/or guidelines that Urdang must follow. As such, the firm cannot tailor the investment advisory services they provide to pooled investment vehicles to meet individual investor needs. In addition, they cannot impose individual investment restrictions on their investment strategies for underlying investors in the pooled investment vehicles. The investment advisory services provided to pooled investment vehicles may be in the form of subadvisory agreements. Separate account clients and funds that follow Urdang's Private Real Estate strategy typically acquire and hold real property through a joint venture with an unaffiliated operating partner. The universe of real estate investments considered varies according to each client's objectives and market cycles and conditions. Urdang typically invests in office, industrial, retail and multi-family assets. They have also acquired performing and non-performing debt, secured by these property types, and have structured their investments as participating debt or preferred equity. Urdang also seeks to capitalize on opportunities in other property types, such as land. The firm's strategy is designed to anticipate market turning points in order to overweight or underweight property types and geographic regions. The selection of property types and geographic regions is based on the firm's top-down economic and capital markets forecasts. Urdang incorporates research on private and public capital markets, national and regional economic trends and regional real estate submarkets into analysis and decision making throughout all stages of the property investment lifecycle including acquisition, financing, leasing and disposition.