The real estate investment arm of insurer Prudential Financial and Hong Kong company Minmetals are reportedly buying a 99 percent stake in a housing project in Nanjing, China.
2 min read · 22 January 2013
Palo Alto, California-based Norwest Venture Partners has hired long-time technology executive Dror Nahumi to support the firm as it moves to deploy increased capital in Israeli technology.
2 min read · 22 January 2013
The world’s sovereign wealth funds are expected to allocate up to 30 percent, or around $218 billion, of new investments in unlisted property funds over the next seven years, according to a report by CB Richard Ellis. It comes as Bahrain-based Investcorp launches a $1bn real estate debt vehicle with an unnamed Gulf sovereign wealth fund as an investor.
2 min read · 22 January 2013
Six out of 10 commercial real estate executives believe the credit crisis has now had a greater impact on the real estate industry than during the crisis of the late 1980s, early 1990s. Just 10 percent are ‘bullish’ on the opportunities created by the distress, most attracted to multifamily.
2 min read · 22 January 2013
The $80.1bn Washington State Investment Board has approved $1.7bn in commitments, including $900m to two RE funds. The pension also committed $600m to private equity funds and $250m to infrastructure and commodities.
2 min read · 22 January 2013
Indian real estate investment firm Trikona Capital is selling a third portfolio to a German fund manager with $21 billion under management.
1 min read · 22 January 2013
As part of a frantic weekend on Wall Street, Bank of America has agreed to acquire Merrill Lynch, including its investment management business. A spokesman said it was ‘too early’ to tell whether the deal would include Merrill’s private equity portfolio, or whether it would spin out as an independent firm.
3 min read · 22 January 2013
The financial-services private equity firm is working with China's sovereign wealth fund and the major US bank on a joint bid, according to according to a report from the Financial Times.
1 min read · 22 January 2013
The real estate investment management firm has appointed Jack Hsu as investor services director in Hong Kong in a bid to boost CBRE’s capital raising abilities in China, Singapore and Taiwan.
1 min read · 22 January 2013
ICICI Venture is to suffer another high profile departure. Deshpande is set to leave the firm, reportedly to take a position with NEA, just months after Aluri Rao left to lead Morgan Stanley Private Equity’s India operations.
2 min read · 22 January 2013
