Fundraising by European-focused opportunity real estate vehicles has reached $5 billion this year with the closing of Apollo Real Estate Advisors' third dedicated Euro fund.
2 min read · 22 January 2013
The $121 billion CPPIB today argued before US lawmakers that it should not be lumped in with all sovereign wealth funds, as legislators in California attempt to bar the US’ largest pension groups from investing in private equity funds tied to sovereign wealth funds.
3 min read · 22 January 2013
PERE's sister news service PEO interviews Alberto Torrico, the California assemblyman who recently introduced a proposed law that would force the state’s public pensions to cease ties with firms that are partially owned by certain sovereign wealth funds. Torrico tells PEO he is particularly targeting alleged human rights abuses in the United Arab Emirates, and that the objections voiced by pension investment staff are “overstated, exaggerated”.
6 min read · 22 January 2013
The Spain-based international private equity hotel investment firm with links to London’s Patron Capital has acquired a property in Paris to convert into a boutique hotel.
1 min read · 22 January 2013
The unrelenting rise of sovereign wealth and a promising outlook for MENA private equity funds were among the key talking points at PEI’s Middle East Private Equity Forum in Dubai.
3 min read · 22 January 2013
As real estate investors such as Sam Zell’s Equity International scout opportunities in Libya, a project in the seaside resort of Janzour has received a €55 million development finance facility, the first of its kind in the country.
2 min read · 22 January 2013
The direct investment arm of AIG Investments has sold its 14.15 percent stake in Turkey’s largest chain of movie theaters.
2 min read · 22 January 2013
The new shariah-compliant Abu Shabi fund has appointed Samer Wahbeh as head of the Property Development Fund.
1 min read · 22 January 2013
The acquisition comes amid increasing interest in commercial property in California’s tech hot-spot.
1 min read · 22 January 2013
The Hamilton Plaza office complex in California’s dot-com district has traded hands amidst continued interest in the area’s property market.
1 min read · 22 January 2013
