The Switzerland-based firm was targeting $1bn for its second Asia-focused ‘programme’, a series of vehicles which will invest in primary funds and secondary transactions and also partner on direct investments.
2 min read · 22 January 2013
A report by PricewaterhouseCoopers warns that investors in the Manhattan, Denver and San Francisco office markets are expecting rents to fall by around 2% in 2009. Cap rates will also rise by up to 2%.
2 min read · 22 January 2013
Just $57bn was raised in value-added and opportunistic real estate vehicles in 2008 compared to $85bn in 2007. Asia, however, has become the investment destination of choice overtaking strategies focused on North and Latin America.
2 min read · 22 January 2013
Already $4.5bn worth of properties in the US have reverted back to lenders as real estate owners struggle to contend with the credit squeeze and the economic downturn. New York, LA and Las Vegas are worst affected areas.
2 min read · 22 January 2013
Real estate funds raised just $57bn during 2008 – compared to $85bn in 2007 – with Asia the investment destination of choice.
2 min read · 22 January 2013
The New York-based private equity firm has agreed to buy a 70% stake in Flagstar Bancorp as long as the US government injects $250m from the Troubled Assets Relief Program in the bank.
2 min read · 22 January 2013
In a move to shift away from equity risk, The State of Wisconsin Investment Board has raised its real estate and private equity targets 1% each and doubled the target of its tactical multi-asset allocation.
1 min read · 22 January 2013
The C$117.4 billion Canada pension fund is the first investor in Multi Corporation’s retail fund. The fund comprises 21 retail development projects throughout Turkey. CPPIB say Turkey is one of the 'most promising' developing markets in Europe.
1 min read · 22 January 2013
CalPERS veteran Anne Stausboll will lead the US’ largest public pension plan and influential private equity investor. The pension is still searching for a CIO following the departure of Russel Read earlier this year.
2 min read · 22 January 2013
As part of its global efficiency drive, the firm’s entire Chinese investment team will be based in Beijing.
1 min read · 22 January 2013
