Europe

From local friend to domestic foe

There’s more than meets the eye when it comes to Carlyle and Townsend’s backing of China logistics developer Shanghai Yupei.

Brilla targets $200m for Mexican property fund

The Miami-based private equity firm, through a joint venture with local developer Grupo IGS, plans to raise its first Mexico-focused vehicle from the country’s pension plans, with an anticipated placement on the Mexican Stock Exchange in early 2014.

Aviva Investors to replace asset manager in UK

The withdrawal of support for troubled Warner Estates from the asset management of a £460 million industrial property fund will see a new manager come in, should investors agree the plan.

Colony’s European head of investing departs

Sébastien Bazin, after 16 years at the Los Angeles-based private investment firm, has left to head Accor, one of Colony’s largest investments in the region. Meanwhile, the firm has appointed two of its principals to replace Bazin.

Astrum to close first fund, maps out second

With fundraising for its $50 million debut fund wrapping up, the Los Angeles-based investment firm has its second sale-leaseback vehicle in the works, seeking $250 million.

TPG completes PIPE in Chinese developer

The US private equity firm has bought a 20 percent stake in New York-listed Xinyuan with a $108.6 million investment, in one of its first forays into the Asian real estate sector.

Walton Street makes big industrial exit in Mexico

The Chicago-based private equity real estate firm has harvested about a quarter of the assets in its first Mexico fund as it prepares for its largest fundraise to date in the Latin American nation.

New Mexico to commit to M&G funds

The state’s $16.5 billion endowment expects to commit a total of $35 million to two real estate debt funds at its upcoming board meeting.

Take on me

Change of control situations are occurring in Europe, just not to the degree originally anticipated

LCN closes on $143m for US fund

The private equity firm co-founded by Edward LaPuma and Bryan York Colwell has raised capital for a US fund targeting credit-focused investments in corporate real estate.