The world’s largest private manager of infrastructure assets said it will not buy further shares in its specialist listed funds. Macquarie shares hit a 10-year low amid speculation that the firm would have to raise capital amid mounting losses from investments in the funds.
2 min read · 21 January 2013
The global investment firm’s $8.8bn MSREF VI International fund will reportedly tack on the latest losses onto an existing $1bn shortfall. Morgan Stanley is still fundraising for Fund VII, which has closed on $6bn of commitments against a target of $10bn.
2 min read · 21 January 2013
The Connecticut-based firm is raising its debut $1bn fund that will focus on core capital assets related to the transportation, industrial and energy sectors. Its founding partners previously focused on similar investments at Citigroup.
1 min read · 21 January 2013
The Washington, DC-based mega-firm has already made investments from Carlyle Mezzanine Partners II and bought some mezzanine investments on the secondaries market.
2 min read · 21 January 2013
The Singapore government’s real estate investment firm has renamed ProLogis Asian Operations as Global Logistic Properties after buying out the majority of ProLogis’s investments for $1.3bn.
1 min read · 21 January 2013
Bill Hughes, the newly-installed chairman of the UK’s Association of Real Estate Funds and head of property at British insurer Legal & General, tells PERE this month that one of his focal points is examining the structure of open-ended vehicles following mass redemptions across Europe.
1 min read · 21 January 2013
The Chicago-based real estate investment firm has held a first close of its fourth value-added vehicle, Heitman European Property Partners IV.
1 min read · 21 January 2013
The New York State Common Retirement Fund committed $300m to a fund managed by Franklin Templeton Real Estate. It came as the state’s comptroller called for more flexibility in potentially increasing alternative investments.
2 min read · 21 January 2013
Despite posting a loss of $5.46 billion for 2008, the Finnish pension fund sees real estate outperform its other investment sectors.
1 min read · 21 January 2013
Climate Change Capital, an investment bank focussed on clean energy and a low carbon economy, has acquired the first property for its €63m fund.
1 min read · 21 January 2013
