Private equity real estate veteran Rong Ren is being lined up by Ping An Trust to lead a new Alternative Investment Division in a move by China’s second biggest insurer to be better exposed to alternative assets home and aboard.
.jpg "Indiareit merges with loan business and rebrands")
Indian conglomerate Piramal has merged its funds management business with its non-bank loan business to form Piramal Funds Management.
The Risk and Quantitative Analysis group of the New York asset management behemoth has hired directors for Asia and Europe in response to its acquisition of private equity real estate firm MGPA last year.
Now that it has hired three for its overseas property business, Seoul-based Koramco Fund hopes to grow its overseas assets to $1.2 billion over five years.
The Chinese conglomerate has made its first investment in the Japanese property market with the purchase of the Mikihisa Hirai-led management platform.
Richard Barkham joins the global firm’s research team in a newly-created position after eight years at the London-based property firm.
.jpg "Grand China to channel Chinese money into US")
The Beijing-based boutique firm is hoping to raise $100 million from Chinese high net worths and institutions for investments in existing properties with stable cash flows stateside.
The London-based private equity real estate firm led by ex-Lone Star veteran Ellis Short has also completed its largest transaction to date, the acquisition of a €1 billion loan book from Deutsche Bank.
Cyrus Driver has moved to head up the Mumbai team as the firm builds out its emerging markets footprint.
.jpg "Invesco lands Doughty Hanson RE assets")
More than one year after private equity firm Doughty Hanson decided to exit the real estate business its assets and team have passed over to the global asset manager.