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
The New York-based fund manager has hired Heather Mutterperl to build its asset management team, particularly in the multifamily sector. Mutterperl was part of the three-man team who launched the $100m TriLyn-Investcorp Mezzanine Fund.
1 min read · 22 January 2013
The investment firm, which counts the National Commercial Bank of Saudi Arabia as one of its stakeholders, plan to invest $2bn in the region.
2 min read · 22 January 2013
The European real estate firm, formerly known as Meinl European Land that targets shopping centers in Central and Eastern Europe, re-evaluates its development pipeline following the €800m investment by Citi Property Investors and Gazit-Globe.
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 fundraising trail stops now for Cordea Savills as it decides the timing for its Turkish offering is not ideal.
1 min read · 22 January 2013
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $700m in commitments to real estate funds and almost $1bn to four private equity funds.
2 min read · 22 January 2013
The US private equity firm is sticking with its core strategy of developing single assets in established markets by acquiring a site in the center of German city Dusseldorf.
1 min read · 22 January 2013
Such is the interest in some parts of the Middle East and North Africa that an investor has already offered Global Investment House a quick turn on its recent deal.
1 min read · 22 January 2013
