The New York-based investment manager has $12.4bn of capital to deploy to real estate and $14bn for private equity. Announcing its second quarter results, Blackstone wrote down its real estate portfolio by 19 percent.
1 min read · 21 January 2013
Wesley Ogburn, a portfolio manager in charge of hedge funds at the $22bn university endowment today submitted comments to the SEC in favour of maintaining the ability of placement agents to interact with US public pensions.
2 min read · 21 January 2013
The McLean, Virginia-based firm said it was ceasing its investment activities in Latin America owing to market conditions. It is working with investors to wind down the regional platform.
2 min read · 21 January 2013
Just five years after launching it, Citi is following the lead of other institutions and trying to exit its private equity real estate funds business. CPI must first win approval from 67% of its LPs.
2 min read · 21 January 2013
FountainVest Partners, the private equity firm led by former Tamasek Greater China head Frank Tang and backed by the Singaporean government’s investment arm, is to invest $100m in convertible bonds and warrants issued by Henan province-focused developer Central China Real Estate.
1 min read · 21 January 2013
The agency is seeking comments on rules that would prohibit placement agents from dealing with US public pensions.
3 min read · 21 January 2013
Research by CBRE Investors warns investors waiting for the assurance that the market is “clearly out of the woods” before acting could face tougher competition when they do take the plunge. Pricing indicators suggested today's market is an “historically favourable” time to invest.
1 min read · 21 January 2013
Morgan Stanley Real Estate Investing is close to agreeing the sale of The Exchange office building in Shanghai to Chinese developer SOHO China. The firm, which has invested in the city since 2003, hopes to conclude a sale by the end of the year.
1 min read · 21 January 2013
The Canadian ski slope company is selling lodging and commercial operations at Arc 1950 Resort in Savoie and Flaine Montsoleil Resort in the Haute-Savoie region of the French Alps.
2 min read · 21 January 2013
The Chicago-based private equity real estate firm is reportedly considering launching a financing company in Brazil to provide capital to real estate developers and investors.
2 min read · 21 January 2013
