Debt

Chicago Teachers’ Pension Fund seeks RE debt manager

The $9.3 billion pension is seeking firms to manage the firm’s core and non-core real estate debt investments.

PERE China: Tier 2 cities still hold promise

Contrary to the popular rhetoric, investment opportunities can still be found in Tier 2 Chinese cities, said panelists at PERE’s annual China forum in Shanghai.

AEW and Natixis reach first close on €750m RE debt fund

The partnership launched the core vehicle in March with fundraising target of €750 million.

COMMENT: Private equity real estate firms should not bank on the Italian broken credit opportunity

Italy might be the last major source of property NPLs in Europe, but the country does not deserve to be a primary target for opportunistic capital just yet.

ULI panel: ‘Something has to jumpstart Italy’

Senior executives at private real estate big-hitters Blackstone, Lone Star and Goldman Sachs said they view Italy’s banking system as the next potential source of distressed real estate credit deals. But they expressed concerns about obstacles to deal-flow.

KKR lends to residential project in India

KKR is investing in another luxury residential development in India after its previous investment in Sunteck Realty’s flagship project in February.

Piramal invests INR 4.25bn in resi project

The Mumbai-based fund manager's investment with India developer Lodha Group has been structured as fixed-return debt.

Walton Street closes $654m RE debt fund – Exclusive

The Chicago-based private equity real estate firm surpassed its target for its first dedicated real estate debt vehicle.

MaxCap bolsters team as fundraising for CRE debt ramps up

The Melbourne-based firm has replaced its risk officer to focus on credit policy and monitor investment risk.

Madison Realty Capital closes Debt Fund III on $695m

The New York-based real estate investment firm surpassed its original $600 million target for its third debt fund.