The real estate equity investment arm of the US insurance group plans to invest $400m in low income housing tax credits in the next 12 to 18 months, amid plans to increase its allocation to the asset class from $2 billion to between $4 billion and $5 billion over the next two to three years.
2 min read · 24 January 2013
PREI was one of four real estate firms seeking to raise $1.3bn from Mexican pensions via the country’s stock exchange.
2 min read · 24 January 2013
On both sides of the Atlantic regulatory barriers are making fundraising for ‘foreign’ firms more difficult and expensive. GPs in emerging markets could be left out in the cold.
2 min read · 24 January 2013
The group, founded by telecoms entrepreneur David Brillembourg, is targeting luxury beachfront hotels within three hours travelling time of Miami. The firm last year bought a Miami hotel for a group of family offices in a $30m all-cash deal.
2 min read · 24 January 2013
The pension’s investment committee has approved a $25m commitment to oil and gas-focused Encap’s eighth fund, targeting $2.5bn.
1 min read · 24 January 2013
The Greenwich, Connecticut-based firm has hired ex-Sao Carlos and GoldenTree InSite executives Rodolfo Senra and Vitor Senra to lead its operations in Sao Paolo. Ryan Hawley will also relocate to the country to oversee acquisition activities.
2 min read · 24 January 2013
Standard Life Investments, the UK-based asset management business of pension and insurance provider Standard Life, has purchased two office buildings in Brazil for a combined BRL110m on behalf of its Select Property Fund.
1 min read · 24 January 2013
Real estate funds from group AMB, Artha Capital, Mexico Retail Properties and Prudential Financial’s Mexican unit will seek to raise about $1.28bn via the Mexican Stock Exchange.
2 min read · 24 January 2013
General Atlantic is exiting its minority position in healthcare management company Qualicorp as Carlyle takes control.
2 min read · 24 January 2013
The pension’s investment committee has approved a $20 million commitment to private equity firm JMI Equity’s seventh fund, which began raising capital last month.
2 min read · 24 January 2013
