Hines has lost control of the $724m National Office Partners account it ran for CalPERS, with LA-based CommonWealth Partners picking up the mandate. In December, LaSalle lost the $2bn CalEast industrial portfolio to GI, RREEF.
3 min read · 18 January 2013
Latin America’s largest economy has reduced taxes for foreign investments in private equity funds, according to reports.
2 min read · 18 January 2013
Private equity investment in Latin America’s largest economy increased dramatically in 2010, with no signs of slowing down anytime soon.
3 min read · 24 January 2013
The private funds arm of the industrial REIT has teamed up with an endowment to invest R$720m in Brazilian logistics properties
2 min read · 24 January 2013
Investors will ‘sacrifice’ returns and diversification if they overlook China, Brazil and India. However, targeting the three countries’ real estate markets demands a longer-term investment horizon and plenty of due diligence.
4 min read · 24 January 2013
The firm will target slightly more for the fourth private equity fund than the $700m it raised for Fund III. Earlier this year, Blackstone bought a 40% stake in Patria for $200m.
2 min read · 24 January 2013
The Inter-American Development Bank approved the loan as a way to ‘foster more participation’ in the fund. Macquarie also released details of the fund’s recent purchase of Decarred, a company that maintains 10 stretches of highway in the US-border state of Durango.
3 min read · 24 January 2013
The fund is the first entirely debt-focused investment vehicle raised in Mexico using a new type of listed security called a certificado burasatile. The lender, Navix, plans to co-invest $100m of its money with the certificados busatiles on a variety of projects in the Mexican energy sector.
2 min read · 24 January 2013
The Macquarie Mexican Infrastructure Fund will acquire a company with a 20-year contract to reconstruct and maintain highways in the Mexican state of Durango. The firm has also placed Macquarie executives Martin Stanley and Chris Leslie on its board.
2 min read · 24 January 2013
The New York-based firm is targeting office, residential and industrial projects in Rio de Janeiro and expects to close between five and six deals, representing up to R$147m of equity, in the next 60 days.
2 min read · 24 January 2013
