Morgan Stanley Investment Management related stories
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Russell Investments loses Asia director LambMartin Lamb switches from advisor to principal in a bid to capitalise on distressed debt and other opportunistic investments in Florida and other parts of southwest US.
- Garth Peterson sentenced to nine months in prison
The ex-head of China at Morgan Stanley Real Estate Investing (MSREI) has received a sentence of nine months in prison for evading the internal controls of the platform’s Wall Street bank parent and for violating the US Foreign Corrupt Practices Act.
- To dip or not to dip
A long-time New York real estate operator is pondering the launch of its first commingled investment fund. The wisdom of testing new waters during the current fundraising environment, however, is debatable.
- Red Fort seeks repeat success with $500m third fund
The New Delhi-based private equity real estate firm is reportedly eying a third Indian real estate opportunity fund, having already invested half of the capital it raised for its second fund in January.
- Patron revs up for CEE distress
Patron Capital has teamed up with London-based Revetas Capital Advisers to advise on buying distressed assets in Central and Eastern Europe or assets in Western Europe controlled by local CEE banks. Revetas is also raising a €250m fund, it revealed.
- PREI hires former MSREI exec
Alfonso Munk, who previously led Morgan Stanley’s real estate investing activities in southern Europe, has joined the real estate investment management business of New Jersey-based Prudential Financial as chief investment officer of its Latin America operations.
- Blackstone, MSREI buy distressed Australian loans for A$620m
A partnership between The Blackstone Group and Morgan Stanley has purchased a portfolio of distressed property loans in Australia from Lloyd’s Banking Group at a significant discount. The assets, valued at A$1.8 billion, were acquired on behalf of the firms’ respective global opportunistic funds, BREP VII and G7.
- Survey: Real estate rules alternatives universe
Real estate managers continue to account for the largest share of global alternative investments, according to a new survey from Towers Watson.
- Exeter holds $615m final close on second fund
More than half of the limited partners for the Pennsylvania-based private equity real estate firm’s second value-added industrial fund came in during the final round of capital-raising.
- PERE 30: Blackstone leaves the competition behind
Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.