The state’s $15bn oil and gas endowment has established a 10% real return allocation, which could include investments in timber and infrastructure, and has begun to look for an investment officer to direct the real return group.
1 min read · 18 January 2013
The Boston-based private equity real estate firm has announced the final closing of its Alcion Real Estate Fund II on almost $500m of commitments, surpassing its $400m initial target.
2 min read · 18 January 2013
Through its real estate platform, Ask Property Investment Advisors, the Mumbai-based financial services group has brought its second real estate fund to the market with initial capital of $115 million.
2 min read · 18 January 2013
With more than 330 funds trying to raise $130bn in capital for private equity real estate strategies, 2011 is expected to see a four-fold increase in those looking to invest between $250m and $1bn of equity in the asset class, according to a Probitas survey.
2 min read · 18 January 2013
The Armonk, New York-based fund manager is eyeing a $350m final close for its second vehicle, which primarily targets US student housing.
1 min read · 18 January 2013
Hines has lost control of the $724m National Office Partners account it ran for CalPERS, with LA-based CommonWealth Partners picking up the mandate. In December, LaSalle lost the $2bn CalEast industrial portfolio to GI, RREEF.
3 min read · 18 January 2013
HSBC is the latest global bank at which senior management in a captive private equity real estate business are separating out. It also is arguably the least well-known of them all.
4 min read · 24 January 2013
Mountgrange Investment Management, which raised its debut opportunity fund in 2009, is backing a venture to develop 15 London budget hotels under a franchise agreement with Tune Hotels run by Asia entrepreneur Tony Fernandes.
3 min read · 24 January 2013
The California giant has united its $1.1bn multifamily portfolio under GID, at the expense of BlackRock, which turned in a negative 12.3% return on its portfolio over five years.
2 min read · 24 January 2013
LIDIS, the Sydney-based real estate investment firm, is to kick off fundraising on its sixth private equity real estate fund, aiming to corral $400 million for investments in Sydney and Brisbane.
2 min read · 24 January 2013
