The Mumbai private equity firm has made its fourth investment from its debut fund to help scale up the operations of Vishwa Infrastructures & Services.
Frank Scavone has joined the Los Angeles-based real estate investment firm to develop new investment programs for the firm. The appointment follows a recent string of real estate appointments in the firm’s US and European operations.
Millennium Group, a Hong Kong-based real estate investment firm, has partnered with Cambodia’s biggest mobile phone operator to build resorts, casinos and an airport on an island off the coast.
Emerging markets in Asia are very much on the private equity real estate map as fund managers channel significantly more capital to the region. The first half of 2008 saw funds target $30.4bn through dedicated Asia funds focusing on countries from China to Cambodia and India. By mid-year 2007 just $11.5bn was being raised for Asia-focused funds.
The Connecticut-based placement agent has hired former Cengage Learning chief operating officer Jerry Elliott to take over some of the responsibilities of founder and CEO Charles Eaton. The firm has also appointed four executives to its private equity and real estate operations.
The Connecticut-based placement agent has hired former Cengage Learning chief operating officer Jerry Elliott to take over some of the responsibilities of founder and CEO Charles Eaton. The firm has also appointed four executives to its private equity and real estate operations.
Kuwait-based Global Investment House has launched its second Shariah-compliant real estate fund targeting property investments in the Middle East.
The quoted Swiss alternative asset manager saw its private markets business, including real estate and private equity, grow by $3.4bn over the past year. However foreign exchange and hedge fund outflows hit the overall increase in assets under management in its pre-close statement.
Retail investors were given a gloomy picture of the state of the market, after a report by UK property services firm, Colliers CRE, suggested that not only could real rents fall up to 20 percent over the next three years, but that capital values could also fall another 10 percent.
The private equity investor is set to join the slew of firms looking to profit from a growing global need for finance to meet infrastructure costs. Some estimates suggest as much as $360bn will come from private sources.