Fundraising

From local friend to domestic foe

There’s more than meets the eye when it comes to Carlyle and Townsend’s backing of China logistics developer Shanghai Yupei.

Investor appetite for Asia logistics surpasses offices and retail

Investor interest in Asian logistics has now surpassed both the region’s office and residential sectors, and transaction volume in logistics grew to $6.5 billion in 1H2013, according to a Deutsche Asset & Wealth Management report.

SFERS expands Asia focus with Gaw commitment

The $17.27 billion pension system has approved a $52 million commitment to Gaw Capital’s latest fund in an attempt to increase its exposure to the Asian market.

CalSTRS commits $620m to real estate

More than half of the $165.8 billion pension plan’s property allocation during the second quarter was designated for value-added and opportunistic joint ventures.

Brilla targets $200m for Mexican property fund

The Miami-based private equity firm, through a joint venture with local developer Grupo IGS, plans to raise its first Mexico-focused vehicle from the country’s pension plans, with an anticipated placement on the Mexican Stock Exchange in early 2014.

Contra Costa commits $150m to distressed funds

The $5.95 billion county pension system will make two new commitments, allocating $80 million to Siguler Guff and $70 million to Oaktree.

Gaw Capital close to $1bn target

The Hong Kong-based private equity real estate firm has now increased the capital pile of its fourth China opportunity fund to $933 million and there are two more investors poised to come in.

New Mexico ERB commits to first-time fund

The state’s Educational Retirement Board has approved a $50 million commitment to Raith Capital Partners’ new real estate debt fund.

Colony’s European head of investing departs

Sébastien Bazin, after 16 years at the Los Angeles-based private investment firm, has left to head Accor, one of Colony’s largest investments in the region. Meanwhile, the firm has appointed two of its principals to replace Bazin.

Astrum to close first fund, maps out second

With fundraising for its $50 million debut fund wrapping up, the Los Angeles-based investment firm has its second sale-leaseback vehicle in the works, seeking $250 million.