15th September 2018 marked the 10th anniversary of the collapse of Lehman Brothers. Having seen the events from various angles, I thought that I would assemble various thoughts about what happened that week, the events that preceded it and the subsequent ramifications in a single place.  Regular readers of our newsletter (to which you can subscribe here) will know that we often include some historical trivia, so we have a bit of historical trivia too.

Article in IPE Real Assets

Read John's article on UK funds after Lehman here.

Reflections on the collapse

The crisis in the UK predated the collapse of Lehman by a year. During the height of the boom from 2004 and the 2007 liquidity crisis, I led the PwC real estate practice in the UK. In the summer of 2008, I took over leadership of the PwC real estate practice for EMEA and India, just time for the collapse of Lehman to turn a local liquidity crisis into a global one. Read my reflections here.

The credit crunch a decade ago (a year ago)

Last year, I wrote a blog to mark the tenth anniversary of the UK credit crunch. You can read it here.

Unlisted funds, lessons from the crisis

My report for the Association of Real Estate Funds (AREF) , "Unlisted funds - lessons from the crisis", was published in 2012. This looked at the events of 2007 and 2008, but also what happened to unlisted funds before and after the crisis. I wrote an extensive blog in January 2016 looking at what had changed since 2012. You can find the report and additional materials here.