New York-based Apollo Global Management has assembled a core group of real estate professionals from Barclays Capital, Goldman Sachs and the forerunner to AREA Property Partners to help spearhead future investments as the firm readies itself to raise an opportunistic private equity real estate fund later this year.
2 min read · 21 January 2013
Stockholm based Aberdeen Property Investors has more than doubled the value of its properties under management in Sweden after winning a mandate to manage a €1.4 billion office and retail led portfolio on behalf of Sweden’s SEB Bank.
1 min read · 21 January 2013
The $29bn oil and gas endowment plans to allocate 18% to a new real assets category, including real estate, infrastructure and Treasury inflation-protected securities. The target allocation to real estate is expected to increase 2%.
2 min read · 21 January 2013
As revealed by PERE last week, Citi Property Investors’ fundraising chief John Bottomley has joined the New York-based Rockefeller Group Investment Management to help grow the firm’s funds business.
2 min read · 21 January 2013
The Blackstone Group and MGPA have reportedly approached London-based industrial REIT Brixton over a possible bid for the company. Brixton is in need of a cash injection as it comes close to breaching its banking covenants.
1 min read · 21 January 2013
The closed-ended vehicle is hoping for a first close by the end of the year. Henderson says it wants to take advantage of market cycles and mispricing in London’s office sector.
2 min read · 21 January 2013
Carlyle has backed a new code that assumes placement agents are prone to ‘Boss Tweed’ inclinations.
2 min read · 31 January 2013
Blackstone, Carlyle, Centerbridge and WL Ross have joined forces with several co-investors – including UK charity The Wellcome Trust – to buy failed Florida-based BankUnited. The FDIC is currently evaluating 'the appropriate terms' to let more private equity firms acquire failed depository banks.
2 min read · 21 January 2013
A $1.1 billion decline in the value of real estate investments at the Canada Pension Plan Investment Board has contributed to record losses.
1 min read · 21 January 2013
The UK-focused vehicle attracted more than 30 investors and hopes to take advantage of depressed valuations.
1 min read · 21 January 2013
