Mark Burton, the former real estate chief investment officer at the Abu Dhabi Investment Authority and the Abu Dhabi Investment Council (ADIC) has taken up an advisory role at the newly-established real estate advisory board at Norges Bank Investment Management, which manages the capital of Norway’s giant sovereign wealth fund.
2 min read · 24 January 2013
The $11.4bn pension is to allocate $305m to real estate, infrastructure and commodoties although admits it has not committed to a real estate fund since early last year.
1 min read · 24 January 2013
New York private equity firm Apollo Global Management is to make Roger Orf head of its European real estate business and give the veteran dealmaker an expanded global role as it nears completion of its takeover of Citi Property Investors.
2 min read · 24 January 2013
Harvard University is reportedly in advanced talks to sell underlying investments in around six US-focused real estate funds to China sovereign wealth fund, China Investment Corporation.
2 min read · 24 January 2013
Sonny Kalsi, John Carrafiell and Fred Schmidt, a trio of former Morgan Stanley real estate investing heads, form new property firm GreenOak Real Estate with $110m of backing from Dutch listed company, Tetragon. The firm has formed ahead of an expected surge in distressed loan disposals, fire sales, and MBS workouts.
2 min read · 24 January 2013
The global private equity firm has raised almost half of its target for the Carlyle Beijing RMB fund.
2 min read · 24 January 2013
An affiliate company of New York-based investment firm Apollo Global Management is to acquire a 50% stake in Innkeepers, the troubled hotels business, which filed for creditors protection earlier this month, in a deal worth $107.5 million.
1 min read · 24 January 2013
Asset management firm Franklin Templeton’s real estate arm has established a newly dedicated business team to analyse, select and invest in real asset fund opportunities. Sources suggest that the company is planning to launch a real assets fund of funds that will invest in infrastructure as well as other real assets globally.
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
Non-US based firms will be exempt from SEC registration if they meet certain criteria, including having less than 15 US-based LPs and clients.
2 min read · 24 January 2013
