The firm’s $10.9bn Blackstone Real Estate Partners VI fund is 82% invested, triggering the firm’s next mega fundraise, believed to be Fund VII. News of the fundraise comes on the back of Blackstone’s real estate portfolio increasing in value by 8.7% in the first quarter.
3 min read · 18 January 2013
PERE has learned that the Abu Dhabi Investment Authority has invested a majority of the equity behind AMB’s $588 million joint venture in China.
2 min read · 18 January 2013
The New York-based firm has closed Savanna Real Estate Fund II after exceeding its original target.
2 min read · 18 January 2013
Reversing two years of massive declines, opportunistic funds reported returns of 6.4% in the fourth quarter of 2010 and 24.3% for the entire year.
2 min read · 18 January 2013
The London-based private equity real estate firm has appointed placement agent Monument Group to raise Patron Capital LP Fund IV, which could be one of Europe’s largest opportunity funds in the market this year.
2 min read · 18 January 2013
The Abu-Dhabi state investment fund plans to increase spending to $16.3 billion, Bloomberg reports, by increasing exposures to asset classes including real estate.
2 min read · 18 January 2013
The firm co-founded by former Morgan Stanley Real Estate Investing executives Sonny Kalsi, John Carrafiell and Fred Schmidt in 2010 has raised $150m against a target of between $300m and $400m.
2 min read · 18 January 2013
Colony Financial raised the equity through a secondary offering after fully investing the proceeds of its $284m IPO and a $55.7m private placement.
1 min read · 18 January 2013
The real estate arm of the Qatari Investment Authority is the anchor investor in the $700m CityCenterDC project, a 10-acre, mixed-use development in Washington DC.
2 min read · 18 January 2013
The Los Angeles-based firm is in final negotiations to take over the value-added CalSmart fund previously managed by RREEF after the partnership suffered heavy losses during the past three years.
2 min read · 18 January 2013
