The real estate investment arm of Citi Alternative Investments will be led by Roger Orf following the departure of current chief Joe Azrack at the end of the month.
The Washington DC-based private equity real estate firm argues there are too few distressed commercial real estate debt opportunities to satisfy the number of fund managers entering the space.
A survey suggests that financial chaos from the US is affecting real estate investment in Asia, though investors are still keen to access the region for the growth and diversification it offers.
The world’s second largest sovereign fund’s recently launched capital strategies group will invest five percent of its assets in private real estate deals, but says private equity is ‘not part of the investment universe’.
Keith Lindsay, the former global head of hospitality and leisure at AIG Global Real Estate, has been appointed to oversee Orco's hospitality investments in Central Europe.
The firm has up to €9 billion available with leverage for its third European real estate fund, making it one of Europe’s largest private equity real estate funds.
The Hong Kong firm targeting $100m for its Cambodia fund has raised $11m and is on the verge of closing its first deal.
The BVCA, EVCA and CBI are together lobbying Brussels as an EU committee mulls mandatory regulation of alternative investment funds as proposed by former Danish Prime Minister Poul Nyrup Rasmussen.
Tamweel has launched a $109m property fund to invest in the UAE’s booming property market.
The Russian real estate firm, which is listed on the London Stock Exchange, is entering into the private equity real estate arena for the first time by opening a large fund to third party investors.