The Detroit-based private equity real estate firm, which expects to close its MGRA Genesis Value Fund on $150m in 2009, may consider China’s commercial real estate market following a fact-finding trip last year.
2 min read · 21 January 2013
Blackstone aims to be among the infrastructure mega-funds, having put a pre-marketing target range of $3bn to $5bn on its debut infrastructure fund. Rival KKR is raising $4bn for its maiden infrastructure fund, while Macquarie is seeking $6bn for it second global infrastructure fund and €5bn for its second European infrastructure fund.
1 min read · 21 January 2013
Blackstone Infrastructure Partners, in pre-marketing mode for its debut fund, will seek to raise one of the larger infrastructure funds yet. Last year the firm hired two Macquarie managing directors to head its infrastructure team.
2 min read · 21 January 2013
The quoted investment manager suffered a net loss for the first time in its history, due largely to hedge fund positions. Its private equity portfolio is 'in better shape' than many competitors, chief executive Nemir Kirdar has said.
2 min read · 21 January 2013
The firm reportedly intends to acquire more properties in Malaysia through its Asia Fund III, which raised $3.9 billion in equity at final close last year.
1 min read · 21 January 2013
Hemal Mirani, who recently resigned from HarbourVest's Asian subsidiary, will bolster CVC Asia Pacfic's investor relations.
2 min read · 21 January 2013
Cezary Podkul discusses the top ten insights garnered at PEI's Infrastructure Investor Forum in Berlin.
4 min read · 21 January 2013
Shake-up as Morgan Stanley’s New York-based global head of real estate investments is placed on ‘administrative leave’ with no date to return to his post. Owen Thomas, head of Morgan Stanley Asia, has taken over the role in the meantime, according to reports.
2 min read · 21 January 2013
Just $435bn was invested worldwide in commercial property in 2008, according to Cushman & Wakefield, down 59% from $1tn in 2007. Those figures are expected to fall again in 2009. Emerging markets were the most resilient though – with China now the world's second most popular country for investment.
2 min read · 21 January 2013
The UK property company established by the Kuwait sovereign wealth fund has acquired an asset in central Tokyo.
2 min read · 21 January 2013
