Thirteen Asia-focused funds, which also invest in Greater China, raised $19bn in the third quarter, with growth funds accounting for the most capital raised.
2 min read · 22 January 2013
The student accommodation fund operated by the UK's UNITE Group has £30 million of asset sale proceeds in the London branch of Landsbanki, the Icelandic bank that has plunged into a form of administration. The firm says it is doing all it can to recover the money.
1 min read · 22 January 2013
The total capital raised by dedicated Asia real estate vehicles in 2008 to date has surpassed those targeting all other regions worldwide, according to data by PERE.
2 min read · 22 January 2013
The Spanish fund of fund manager will next year raise a fund that for the first time will have a special situations component. In September the firm increased to 32 its headcount with eight new hires.
1 min read · 22 January 2013
A report commissioned by the Kentucky governor’s office has concluded that the Kentucky Retirement Systems' and the Kentucky Teachers’ Retirement System’s ‘opportunity cost’ for below-average performance amounted to $5bn.
2 min read · 22 January 2013
The private equity firms are investing in Chinese education services provider Ambow Education as China’s education industry continues to grow.
2 min read · 22 January 2013
The head of alternative assets for UK pension Universities Superannuation Scheme says portfolio write-downs coupled with the denominator effect have made fundraising tough. Yet many GPs saw this coming, and raised plenty of dry powder ahead of the storm, he says.
2 min read · 22 January 2013
The private equity real estate arm of Prudential Financial has bought two office properties in Lyon from Invista's publicly listed real estate trust. The offices are let to IBM, BASF Agro, Scotts France and Merial SAS. Invista will use the proceeds to pay down debt.
1 min read · 22 January 2013
The Alaska Permanent Fund has brought on former Microsoft executive Jeffrey Scott to manage the $30bn state investment fund. The fund allocates 10 percent, around $4bn, of its pension pot to real estate.
1 min read · 22 January 2013
The fund of funds manager is looking to close its debut real estate fund on its €200m hard cap by the end of 2008. The firm is also pencilling in 2009 for the launch of its next buyout fund.
1 min read · 22 January 2013
