The new fund has been established by US hedge fund Fursa, Indian infrastructure financing company SREI and Indian holding company Prima Donna.
GSLM Capital Partners, the urban investment fund set up by Goldman Sachs’ Urban Investment Group and construction firm L&M Development, refuses to rule out future third party fund management as it unveils its mission to help turn around underserved communities.
The Indian bank’s private equity arm says it has raised the money from foreign investors in six months, on the way to its target of $600m.
Colony Capital founder and chairman Tom Barrack has lined up more than $1 billion in equity to start buying distressed debt and property companies as the firm searches for the bottom of the market.
Lie, the former Asia CEO for ING Real Estate will head up Redevco’s new office in Hong Kong.
London-based Evans Randall and its longstanding real estate investment partner and financier, Bank of Scotland, are using the capital to expand the European Property Fund.
Dragon Capital has received £45m from institutional investors through an AIM listing.
According to the PEI 50, a proprietary ranking of private equity firms unveiled today, the 50 largest private equity firms in the world have together raised $810 billion over the last five years. At the top of the list are Carlyle, Goldman Sachs, TPG, KKR and CVC. The list is distinct from a ranking of the largest private equity real estate firms that will be unveiled on this site next week.
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
Darby Overseas Investments, the private equity arm of Franklin Templeton, has appointed David Hudson to lead its Asia activities, as well as help expand the firm’s global infrastructure funds.