Asset management firm Franklin Templeton’s real estate arm has established a newly dedicated business team to analyse, select and invest in real asset fund opportunities. Sources suggest that the company is planning to launch a real assets fund of funds that will invest in infrastructure as well as other real assets globally.
1 min read · 24 January 2013
Real estate funds from group AMB, Artha Capital, Mexico Retail Properties and Prudential Financial’s Mexican unit will seek to raise about $1.28bn via the Mexican Stock Exchange.
2 min read · 24 January 2013
The firm has ‘reduced, refinanced or extended’ more than $52bn of its debt across its businesses since 2009, which has helped drive value creation, according to Blackstone executives.
2 min read · 24 January 2013
Non-US based firms will be exempt from SEC registration if they meet certain criteria, including having less than 15 US-based LPs and clients.
2 min read · 24 January 2013
ARA Asset Management has purchased a RM333m, 20-storey office block in Kuala Lumpur on behalf of its ARA Asia Dragon Fund. The Singapore-based private equity real estate fund and REIT manager has also made its first investment in Australia, taking a 15% stake in a fund management platform.
2 min read · 24 January 2013
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2 min read · 31 January 2013
Apollo and TPG Capital-backed Harrah’s, loaded with $22bn of debt from its $27bn buyout in 2008, has eased its debt burden through recent refinancings but has not solved its problems, according to Moody's.
2 min read · 24 January 2013
The Cardiff and Vale of Glamorgan Pension Fund, which has around £760m of assets, wants to find a real estate fund of funds manager to invest globally.
1 min read · 24 January 2013
The Washington DC-based firm is expected to close on roughly a dozen capital commitments for its US Government Properties Income and Growth Fund in the next week.
2 min read · 24 January 2013
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2 min read · 24 January 2013
