Netherlands-based ING Real Estate has unveiled details of its open ended global fund of funds, Global Osiris, with ambitions to attract as much as €1 billion in capital within 18 months.
US private equity firm Sun Capital is keeping afloat on its investment in the bankrupt retailer, thanks largely to sale-leasebacks of several of the chain’s department outlets. Sun Capital and Cerberus, which sold its stake last year, bought Mervyn's for $1.2bn in 2004.
The Bahrain investment bank’s new fund will aid in the development of the first integrated logistics project in Navi Mumbai.
The London-based firm has poached a team from Capmark to manage mezzanine and preferred equity vehicles.
Polymath and industry pioneer Lord Charles Cecil retired last month from Helix Associates, the firm he founded and sold to US investment bank Jefferies.
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
Andrew Pettit and William Killick, who formed Revcap in 2004 as a specialist co-investment firm, have teamed up with Kilmartin Property Group to launch a joint venture fund hoping to pick up smaller commercial assets in areas of London.
A UK-based property company developing high-end apartments and some commercial property in Dubai plans to list a closed ended fund on the Channel Islands stock exchange focused on investing in property in Dubai and the rest of the Northern Emirates.
The private equity firm beat its combined target of $6.5bn for the two funds. It is the first time Lone Star has raised separate, side-by-side funds for each investment strategy.
The Chicago-based private equity real estate firm led by former Heitman partner Christopher Merrill and the grandsons of the Motorola founding fathers, Christopher and Michael Galvin, will expand its “recession-resistant” investments in the US education, healthcare and boat storage real estate sectors.