The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
1 min read · 21 January 2013
Last week Los Angeles-based CBRE Investors held a $100 million close for its Asian fund of funds, the Asia Alpha Plus Fund. One investor swapped out of a commitment to an Asian country specific vehicle to join the fund. Here Jeremy Plummer, head of CBRE’s multi manager business, explains why.
2 min read · 21 January 2013
The New York-based REIT is reportedly in market with a private equity real estate fund targeting distressed retail and office properties.
1 min read · 21 January 2013
The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.
2 min read · 21 January 2013
Prompted by the ongoing pay-to-play investigation in the US, the European trade body has created a code of conduct to prevent unethical conduct in the European placement industry. The code has the backing of the LP body, ILPA.
2 min read · 21 January 2013
The Libyan Foreign Investment Company has become the latest sovereign wealth fund to invest in London commercial real estate directly.
1 min read · 21 January 2013
The $182bn pension, the largest in the US, will negotiate with private equity firms for fee reductions on all new commitments. The practice follows a policy the pension implemented in March to negotiate fee reductions with hedge funds.
2 min read · 21 January 2013
The ultra and high-net-worth community shrank by 25% and 15% respectively in 2008, according to the latest Merrill Lynch/Capgemini world wealth report. However, the allocation to real estate rose by 4% – despite a general move towards liquid assets.
2 min read · 21 January 2013
The European Bank for Reconstruction and Development (EBRD) has proposed a €75 million commitment to Chicago-based Heitman’s European Property Partners IV fund. The vehicle is targeting €600m of equity by its final close in September.
1 min read · 21 January 2013
US pension fund Maine PERS has called in outside help to invest the remaining 5 percent of its targeted allocation to real estate. According to reports, this could lead to expanding the pension fund’s investment horizon from core style investing to opportunistic.
1 min read · 21 January 2013
