The former Morgan Stanley and John Buck Company executive aims to tap into India’s growing residential and hotel sectors via investments alongside joint venture partners, but may also invest more widely via shares in Indian property companies.
2 min read · 24 January 2013
Former Morgan Stanley Real Estate Investing Asia Pacific head Zain Fancy has left his position at New York-based private equity firm Och-Ziff Capital Management Group, two years after joining.
2 min read · 24 January 2013
The real estate policy announced on Sunday by China’s government has been interpreted by many as a clamp-down on international commercial property investors. However, much has been lost in translation, PERE sources say. By Jonathan Brasse.
2 min read · 24 January 2013
It has been reported that China’s State Administration of Foreign Exchange has allowed the Shanghai government to greenlight the conversion of $3bn into RMB for investment into private equity funds. Whether this money will be treated as local capital still remains unclear.
3 min read · 24 January 2013
The New York-based firm will manage more than $2bn of equity positions, after LPs in Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund agreed a $650m settlement following non-fiduciary actions by the bank.
2 min read · 24 January 2013
India’s largest private equity real estate business increases its assets under management to more than $3.2 billion after combining with Saffron. The firm will follow-up with the launch of a real estate and a private equity fund.
2 min read · 24 January 2013
The 25-member LP pool of Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund, rubberstamped their approval of a settlement offered by the Wall Street bank at an investor meeting in Hong Kong last week.
2 min read · 24 January 2013
The Swiss-headquartered global alternatives investor has established a base in Seoul and appointed Alex Cho to head its Korean efforts. The appointment will bring the firm closer to clients including Korea Investment Corporation.
2 min read · 24 January 2013
Just a month after buying out Pramerica Real Estate Investors’ majority stake in Hong Kong skyscraper PCCW Tower, the locally-based real estate developer has sold a 50 percent stake in the asset to London-based Grosvenor.
2 min read · 24 January 2013
Eight months after being selected as the preferred bidder, the real estate arm of Leon Black’s buyout shop has formally taken over the Citi Property Investors platform and funds. Apollo is believed to have paid a ‘nominal’ fee for CPI.
2 min read · 24 January 2013
