The opportunistic vehicle was targeting $300m of equity when it was launched in 2007. It will focus on equity and debt investments on the west coast of the US and in Hawaii.
1 min read · 24 January 2013
In only providing an emergency financial backstop for the housing market, the US government should bring in more private sector involvement with tougher underwriting, bigger down payments, greater disclosure and standardisation, according to a government-led debate on the issue.
3 min read · 24 January 2013
Momentum Real Estate Partners is eyeing a $75m final close in the next year for its debut vehicle. The firm was launched by GFG founders Mauricio and Eduardo Gruener and Jaime Garcia in 2009.
2 min read · 24 January 2013
On both sides of the Atlantic regulatory barriers are making fundraising for ‘foreign’ firms more difficult and expensive. GPs in emerging markets could be left out in the cold.
2 min read · 24 January 2013
A pending state bill that would force placement agents to register as lobbyists would create two sets of registration, reporting and compliance policies.
3 min read · 24 January 2013
Auckland-based Du Val Group is seeking to raise nearly $1bn from Asian investors for its first blind pool, commingled funds. The firm plans to raise two funds which will target real estate investments in New Zealand and Australia.
2 min read · 24 January 2013
The group, founded by telecoms entrepreneur David Brillembourg, is targeting luxury beachfront hotels within three hours travelling time of Miami. The firm last year bought a Miami hotel for a group of family offices in a $30m all-cash deal.
2 min read · 24 January 2013
The firm’s 2006 global buyout fund, which raised nearly $18bn, is nearing the 75% invested threshold.
2 min read · 24 January 2013
Sniper Capital, the Macau-focused fund management business, has launched its first private equity real estate fund as it aims to capitalise on a lack of non-gaming leisure real estate on the former Portuguese colony.
2 min read · 24 January 2013
South Korea’s largest telecommunications company, KT Corporation has appointed Kim Kyung-soo, a former Lone Star executive, to lead its newly launched property management firm.
2 min read · 24 January 2013
