The firm will target slightly more for the fourth private equity fund than the $700m it raised for Fund III. Earlier this year, Blackstone bought a 40% stake in Patria for $200m.
2 min read · 24 January 2013
The senior management of HSBC’s infrastructure and real estate arm, HSBC Specialist Investments, will buy an 80% stake in the unit from the parent bank. The management buyout is expected to be completed in the first quarter of 2011.
2 min read · 24 January 2013
After a failed IPO, Bilfinger Berger has managed to sell Valemus to Lend Lease for A$1.06bn. Valemus is Australia’s second-largest construction company with ‘secured future revenue in excess of A$5bn’.
2 min read · 24 January 2013
TPG has further demonstrated its real estate ambitions with the $505m purchase of US real estate assets from global logistics giant ProLogis. The Dallas-based buyout titan has been steadily increasing its exposure to the sector.
3 min read · 24 January 2013
Altis Property Partners, a Sydney-based private equity real estate firm set up in 2008 by ex-ICA Property Group executives has held a first closing for its debut fund.
2 min read · 24 January 2013
CalPERS has elected to do away with traditional allocation labels, may push for performance-based fees and prohibit consultants from also managing its capital. Is this a sign of bigger things to come?
3 min read · 24 January 2013
Fredrik Elwing, managing director at Greenhill & Co International, told PERE at last week's PERE Forum: Frankfurt that institutional investors would either maintain or increase their exposure to real estate in 2011, although fund structures would continue to be scrutinised.
1 min read · 24 January 2013
As Blackstone winds up fundraising for its second special situations fund, the firm begins to look further down the risk spectrum for investments.
3 min read · 24 January 2013
Morgan Stanley Capital Korea, the real estate investment entity responsible for managing the Korea acquisitions on behalf of the Morgan Stanley Real Estate Funds, is to close by the end of the year, as the firm’s investing strategy in Asia shifts.
2 min read · 24 January 2013
UBS Global Asset Management has captured a $75 million commitment from Netherlands investor PGGM for its JV with Shenzhen-based Gemdale Corporation. The residential focused vehicle has already made its first investments.
2 min read · 24 January 2013
