Real estate
Partners Group exceeds $800m with real estate fund
Partners Group has closed its Global Real Estate 2011 program at more than $800 million.
LaSalle Investment to raise $700m Asia property fund
LaSalle Investment Management, a unit of Chicago-based Jones Lang LaSalle, is seeking to raise $700 million for an Asia Pacific property fund.
Blackstone, Morgan Stanley buy Lloyds Australia loans for $621m - report
Blackstone and Morgan Stanley have bought 34% of a A$1.9 billion portfolio of distressed property loans for A$640 million ($621 million), from a unit of Lloyds Banking Group in Australia.
China property firms turn to PE as lender of last resort
Tightening policies imposed on Chinese real estate developers in recent years have accelerated the appetite for alternative financing channels. It represents a massive opportunity for private equity
Franklin Templeton raises $319m global real estate fund
Franklin Templeton has closed its latest real estate fund at $319.2 million, exceeding the initial target of $300 million.
LIC holds a first close of real estate fund at $47m
LIC Housing Finance, the mortgage unit of India's biggest insurer, has reached a first close of its maiden real estate private equity fund at INR2.5 billion ($46.5 million).
CITIC Capital hires Robert Lie for real estate group
CITIC Capital has appointed Robert Lie as managing director of its Hong Kong-based real estate group. He joins from Redevco Asia and will bring colleagues Jan Willem De Hek, Dennis Fung and Chenxia Yu with him.
Jones Lang LaSalle chief launches India real estate fund
Jones Lang LaSalle's (JLL) India CEO has reportedly left his role at the global property consultancy to launch a real estate fund with a former Merrill Lynch executive.
Tan-EU Capital acquires Chinese retail site
SOTAN China Real Estate I, the $400 million fund co-managed by Hong Kong-based real estate private equity firm Tan-EU Capital, has made its first China investment.
Noah launches China real estate fund
China's rapid economic expansion over the past decade has created a large pool of millionaires but onshore investment options remain limited. Those keen to avoid negative real interest on bank deposits, have traditionally put their money into stocks (at...
India's Wadhawan Group to set up PE funds
Wadhawan Group, a conglomerate controlled by the Wadhawan family which also runs housing finance company DHFL, plans to launch multiple private equity funds to expand its financial services operations.
ADIA to seek direct deals in India’s property sector
Abu Dhabi Investment Authority (ADIA) plans to make direct investments into Indian real estate rather than operate through third-party private equity and property fund managers.
Indiareit to launch $500m India fund
Indiareit Fund Advisors, a real estate investor backed by Indian entrepreneur Ajay Piramal, is planning to launch a $500 million offshore fund that will invest in domestic development projects.
Paracor to launch $200m real estate fund
Mauritius private equity firm Paracor Capital Advisors plans to launch an INR9.87 billion ($200 million) fund, which will invest in real estate projects in the seven top cities in India.
COLI, ICBC raise $230m for second China property fund
China Overseas Land & Investment (COLI) and ICBC International Investment Management have raised $230 million in initial capital for their Harmony China Real Estate Fund II. The vehicle's full target is $500 million.
Indian realty valuations to take a hit
The time is ripe for an exit for private equity funds focused on Indian real estate. But can investors keep up the pace without affecting returns?
Red Fort closes second real estate fund at $500m target
Red Fort Capital has completed a final close of its second real estate fund at $500 million, coming mere weeks after the firm said it was targeting this amount from investors.
Morgan Stanley extends property fund's investment period - report
Morgan Stanley Real Estate Investing has received approval from LPs to increase the investment period of its $4.7 billion property fund, Morgan Stanley Real Estate Fund (MSREF), by one year.
India's LIC Housing Finance to raise $96m fund
LIC Housing Finance, the mortgage lender owned by Life Insurance Corp. of India, plans to enter the private equity market with an INR5 billion ($96.5 million) urban development fund. Half of its corpus will go toward equity and equity-related investments...
Morgan Stanley to invest $125m in Indian real estate project - sources
Morgan Stanley’s global real estate fund is reportedly in negotiations with Mumbai’s Sheth Developers to invest $100 million to $125 million in a local residential project.
Kotak Realty raises $98.2m for properties fund
Kotak Realty Fund has raised INR5.23 billion ($98.2 million) from domestic LPs for a fund that will provide high-yield debt instruments to real estate developers.
Shenzhen PE firm reaches first close on debut property fund
PTiFund, a Shenzhen-based private equity firm backed by Hong Kong-listed property developer Top Spring International Holdings, has announced a first close of RMB125 million ($19.6 million) on its debut fund. The full target is RMB500 million.
JPMorgan to back Bangalore residential property projects
A JPMorgan proprietary fund will invest INR2 billion ($40 million) in five Bangalore-based residential projects being developed by Nitesh Estates. With the US investment bank’s backing, the Indian real estate firm is expected to raise debt to fund the...
CITIC holds $225m first close of fourth property fund
CITIC Capital has held a first close on its fourth Chinese real estate vehicle, CITIC Capital China Retail Properties Investment Fund, at $225 million.