The Blackstone Group will not have a problem attracting LP capital for its next real estate funds, unlike other firms, according to the firm’s chief Steve Schwarzman.
2 min read · 24 January 2013
In a further sign that investors are taking flight from once-popular open-ended vehicles, Morgan Stanley decides to close down its fund two years after halting redemptions.
2 min read · 24 January 2013
The fifth annual PERE conference concluded today with calls for LPs to turn against the flow of capital to core, amid concerns the sector is becoming as risky as value-added and opportunistic strategies. We present other notable quotables from the New York event.
2 min read · 24 January 2013
Speaking at the annual PERE Forum in New York, Mark Burton said LPs have to staff advisory committees with people willing to 'speak out' if the opportunity fund model is to work.
2 min read · 24 January 2013
Switzerland-based alternative investment firm, Capital Dynamics is to increase its exposure to real estate following the hire of Matthias Sturmer, the former co-owner of Pacific Star Europe, the Munich arm of Singapore-based Pacific Star, which has subsequently been wound up.
3 min read · 24 January 2013
Speaking at the PERE Forum in New York, the Colony chairman said that, for some larger investors, cutting out the capital allocators and investing via co-investment structures will be the vehicle of choice for the near future.
1 min read · 24 January 2013
Mapletree Investments, the real estate investment and fund management business of Singapore’s Temasek Holdings, has completed the state-country’s largest REIT initial public offering, attracting S$1.19 billion for its Mapletree Industrial Trust.
2 min read · 24 January 2013
Singapore-based Pacific Star, the largest private equity real estate firm in the country, has decided to mesh two fundraising efforts for vehicles with differing strategies into just one.
2 min read · 24 January 2013
Swedish mid-market private equity house Litorina, led by managing partner Harold Kaiser, has smashed its SEK2bn target for Fund IV.
1 min read · 24 January 2013
Stockholm-based private equity real estate firm Sveafastigheter has held a second closing on its third Nordic real estate fund. The firm, launched in 2003 is targeting between €300m and €400m in total commitments.
1 min read · 24 January 2013
