As some US public pensions move to ban the use of placement agents, Mike Travaglini, the executive director of the $38bn Massachusetts PRIM, warned agents play a vital role in helping his small staff identify private equity and real estate opportunities.
3 min read · 21 January 2013
The US developer says it has pre-let a building under construction which is being developed on behalf of Hines’ European Value Added Fund I.
1 min read · 21 January 2013
ING Real Estate has launched a second China focused real estate opportunity fund. The vehicle is targeting up to $750 million in equity, is aiming to invest principally in residential assets and plans to make individual investments of between $50 million and $70million.
2 min read · 21 January 2013
Dallas-based distressed investor Lone Star Funds, led by the highly private John Grayken, is powerfully positioned to take advantage of the current global economic downturn, according to a profile of the man in the June issue of PERE magazine.
2 min read · 21 January 2013
Aberdeen Property Investors, the Stockholm based fund manager and investor, has closed on half the amount of equity it originally planned to raise for its second Asia focused fund of funds. The firm has taken a cautious approach to investments going forward and is unlikely to spend anything until after the summer.
1 min read · 21 January 2013
The founder of Knight Trading is planning a series of funds that will target discounted office, multifamily and condos in the New York area and Florida. KABR’s first acquisition is AIG’s New Jersey office.
2 min read · 21 January 2013
VTB Capital and Deutsche Bank’s global real estate group have set a target of at least €300m for VTBC-DB Real Estate Partners I. Scandinavian pension funds, including Ilmarinen and Etera, are among the first limited partner investors in the fund.
1 min read · 21 January 2013
MGPA has added to investments in Italy, Greece and Poland with the €210m purchase of Hammerson’s Les Trois Quartiers office and retail building.
1 min read · 21 January 2013
The joint venture between Baltimore-based Municipal Mortgage & Equity and a Dublin-based syndicate of private investors is poised to close on its first South Africa housing fund. It is already eying a bigger second vehicle to invest on a pan-African basis.
2 min read · 21 January 2013
The San Diego-based firm has appointed special servicer Gina Lambis as its targets performing and non-performing real estate loans.
1 min read · 21 January 2013
