Two years after being appointed to grow Pacific Star’s presence in China, Wilfred Wong has agreed a deal with the Singapore fund manager to spin its Hong Kong division out and set up his own platform. Wong’s new business is named Pinnacle State Group.
2 min read · 18 January 2013
The real estate fund management division of French insurer AXA has brought its equity pile for AXA Real Estate Development Venture III to €377.5m after is second closing.
2 min read · 18 January 2013
London-based Tristan Capital Partners has launched its debut property fund and has hired US investment bank Jefferies to raise the equity.
1 min read · 18 January 2013
The $228.3bn public pension will target private core real estate through separate accounts focused on the US, as it warns commingled funds will be the investment vehicle of last resort.
2 min read · 18 January 2013
The US organisation for REITs studies two decades of performance data and concludes that a mix of those proportions is best because the return cycles for REITs and direct real estate investment are different.
2 min read · 18 January 2013
As the European fund manager looks to expand in the US, it is considering creating new platforms through JVs with other GPs.
1 min read · 18 January 2013
The Bethesda, Maryland firm, co-founded by Robert Johnson (pic) and Thomas Baltimore, is talking to LPs about consolidating its Urban Lodging Fund II and Fund III for a possible IPO as a public REIT.
2 min read · 18 January 2013
The Armonk, New York-based fund manager is eyeing a $350m final close for its second vehicle, which primarily targets US student housing.
1 min read · 18 January 2013
The New York-based placement agent has hired Quince Hill’s Rob Kohn and Tom Foster, as well as former Black Creek director Yasmine Uzmez.
1 min read · 18 January 2013
The firm expects to hit the fundraising trail this year targeting a similar amount to its $10.9bn opportunity fund, BREP VI, which is 70% invested. President Tony James said Blackstone invested $5bn of equity in real estate in 2010.
2 min read · 18 January 2013
