The real estate investment and fund management firm, owned by the Duke of Westminster, is expected to begin fundraising for a $500 million Japanese core plus/value-added real estate fund by the middle of the summer.
2 min read · 24 January 2013
Mohammad Almojel was previously an associate director at MerchantBridge Private Equity, and sits on the board of the Saudi-British Business Council. He is charged with sourcing capital for private equity, real estate and infrastructure funds.
1 min read · 24 January 2013
Plans for a $200m-$500 opportunity real estate fund are on ice owing to a lack of international investor interest in UAE real estate. The plans are part of wider strategy to streamline its focus to private equity and listed equities.
2 min read · 24 January 2013
Commingled private equity real estate funds will remain a force within the property investment world, amid suggestions institutional investors’ call for more direct investments could be short-lived.
1 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
The one-time world’s largest private equity real estate investment fund, Morgan Stanley Real Estate Fund VI International, is on course to lose almost two-thirds of its equity.
2 min read · 24 January 2013
A raft of executives has departed Credit Suisse Real Estate Private Fund Group including directors Manjul Ramchandanii, Lee Purcell, Doug Kinney, Alok Gaur, Daniel Taylor and Ben Linder. Anthony Carpenito is now heading the group, which has been rolled into the bank’s private equity fundraising arm.
2 min read · 24 January 2013
The Equity Group Investments chairman warned large opportunity funds, such as MSREF and Whitehall, were too big and took too many risks, on the opening day of the spring ULI conference in Boston.
2 min read · 24 January 2013
A $250m loan on the Four Seasons Resort Maui has transferred to CWCapital after MSD Capital defaulted on its repayments. Another $175m loan against the property is also believed to have been transferred.
1 min read · 24 January 2013
Despite Timothy Geithner’s assurances to EU finance ministers, new rules for alternative investment fund managers are still being volleyed in Congress.
2 min read · 24 January 2013
