Versus' new fund of funds for retail investors has the potential to transform the real estate industry the same way REITs did.
3 min read · 18 January 2013
The New Delhi-based private equity real estate firm has raised $79m in a first closing for its Red Fort India Real Estate Fund II, according to filings with the SEC. The firm’s ultimate capital raising target for the vehicle is $500m
2 min read · 18 January 2013
Fir Tree Partners, a New York private investment firm with a 4.3% stake in ProLogis European Properties, says ProLogis’ takeover approach undervalues the company, and cites concern about conflict of interests.
4 min read · 18 January 2013
The European spinout from Bank of America Merrill Lynch’s Global Principal Real Estate Investments business, has sold a German residential complex on behalf of Peakside Real Estate Fund I, one of two funds it inherited from the Wall Street Bank.
2 min read · 18 January 2013
The alternative investment management business of Deutsche Bank has won a KRW500bn separate account mandate to invest in core markets around the world from Samsung Life Insurance. The mandate brings RREEF’s capital under management in Asia to the $3bn mark.
3 min read · 18 January 2013
The French insurer reveals two-thirds of the €1.2bn raised so far this year has come from investors awarding separate mandates.
2 min read · 18 January 2013
Looking to raise $750m from tens of thousands of retail investors, the publicly registered vehicle will invest primarily in open-ended, core and core-plus property fund managers. However, the model could be expanded to closed-ended, value-added and opportunistic GPs in the future.
3 min read · 18 January 2013
Asieh Mansour has been appointed head of Americas research at the brokerage and real estate services firm, departing the property investment arm of Deutsche Bank after 13 years.
1 min read · 18 January 2013
The firm’s $10.9bn Blackstone Real Estate Partners VI fund is 82% invested, triggering the firm’s next mega fundraise, believed to be Fund VII. News of the fundraise comes on the back of Blackstone’s real estate portfolio increasing in value by 8.7% in the first quarter.
3 min read · 18 January 2013
The New York-based firm has made three hires for its investment team, one each for the Americas, Europe and Asia.
1 min read · 18 January 2013
