John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with his debut fund, Northwood Real Estate Partners I. The fund is an evergreen vehicle.
The US private equity firm sees an opportunity in Japan amid moves by major banks to cut their exposure to property, according to a report.
The Hong Kong-based firm is midway through a fundraise for a strategy based on the growing wealth of the Pacific Rim.
Donald Trump’s son is reportedly targeting India’s growing middle class with ‘high-end, luxury’ developments. Trump Jr said Mumbai would be his first point of entry into the country. The fund, he said, would start off small but grow as the Trump Organization grew more familiar with India.
The consulting firm set up by the former New York mayor is branching out into real estate after launching an opportunity fund in partnership with Rockville, Maryland-based development company, Berman Enterprises. The fund, Berman Enterprises Opportunity Fund, is targeting between $500m and $750m in equity commitments.
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
Richard Laing, chief executive of the UK government’s fund of funds investor in emerging markets, says the mission to reduce poverty is central to CDC’s investment thesis. Its latest commitments to Indian managers underline the strategy.
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.
Two private investment firms have joined forces to buy structured debt investments in Europe via a new closed ended vehicle which is being seeded with €50 million of equity.
The Dutch bank has raised $85m for the first close of India Agri Business Fund, with IFC, FMO and DEG committing $20m each.