Sniper Capital-managed London-listed Macau Property Opportunities Fund is to begin development on its first investment in mainland China, an industrial warehouse scheme.
1 min read · 24 January 2013
The London-based firm, which recently raised £500m for its second UK fund, says its non executive chairman Tony Edgley is joining as full-time partner.
2 min read · 24 January 2013
The Swiss fund of funds manager has secured ex-AI Capital head Kazushige Kobayashi to lead its second office in Asia. News of the office opening comes shortly after PERE learned the firm is planning its first Asia real estate fund of funds.
2 min read · 24 January 2013
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
New Delhi-based private equity real estate firm Red Fort Capital has formed a joint venture with local developer Parsvnath Developers to build a 300,000 square foot office. The firm has committed $26 million in equity to the project.
1 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
The State Investment Council last week preliminarily approved increasing its alternatives allocation including real estate, and made its first private equity-like commitment since early 2009.
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
