The New York-based firm has $95m of dry powder ready to target deals in 2010. Off campus housing near public US universities will be the firm’s primarily focus, as it deploys capital from its first institutional fund.
3 min read · 21 January 2013
Pamfleet Group, the Hong Kong-based real estate investment firm formed in 2000 as a management buyout of Jardine Fleming’s direct real estate business, is to make its private equity real estate fund debut, launching a vehicle targeting distressed assets in Hong Kong and Singapore.
1 min read · 21 January 2013
After a wave of blind pool mortgage REITs hit the public market this summer, retail and institutional investors became more selective about the firms they backed. That will continue into 2010, argues Mayer Brown’s Ed Schneidman.
4 min read · 21 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, Kelly DePonte, partner at Probitas Partners, and BPG CEO Dan DiLella, expect the real estate bottom to be a bumpy ride.
2 min read · 21 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, Jack Chandler, CEO Asia Pacific of LaSalle Investment Management and Kathryn Corro, principal at Rockpoint Group, describe a year in which communication was key, even if few know exactly what will happen next.
2 min read · 21 January 2013
The firm, originally founded as a portfolio company of Warburg Pincus in 2004, has launched its first discretionary fund, Racebrook Capital Partners. The vehicle is focused on distressed debt and equity opportunities in North America, particularly non- and sub-performing whole loans.
2 min read · 21 January 2013
The Los Angeles-based private equity real estate manager paid $54.7m in cash for the 415-unit apartment building in Denver – $20m less than RREEF paid in 2005.
1 min read · 21 January 2013
The Swiss alternatives manager has more than doubled the size of its previous global secondaries fund, closed in 2006.
2 min read · 21 January 2013
The Los Angeles-based firm has acquired a portfolio of loans from cooperative bank Bankaktiengesellschaft. The loans have a face value of $90m, no financial details were disclosed.
1 min read · 21 January 2013
With losses of 30% in the third quarter alone, the Californian pension fund said it was terminating a number of managers which had failed to perform. CalPERS is though eyeing 2010 as an ‘excellent time’ to invest.
2 min read · 21 January 2013
