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Category: Real Estate

CPPIB reveals over $590m of new private equity commitments as overall returns remain truncated

The $431bn-managing Canada Pension Plan Investment Board is the latest major institutional investor to see its quarterly returns stutter amid the coronavirus pandemic.

Advent continues coronavirus dealmaking with investment in real estate software business Aareon

Global private equity major Advent International has agreed to buy a 30% stake in real estate software business Aareon, a subsidiary of Germany’s Aareal Bank Group.

Churchill Real Estate picks up $2bn of new institutional capital

Churchill Real Estate has picked up $2bn of new institutional capital as it looks to capitalise on residential transition lending.

Blackstone said to near biggest Indian RE portfolio buyout to date with $1.7bn Prestige Group deal

Global private equity giant Blackstone is reportedly near a $1.7bn buyout of Indian property developer Prestige Group's rental income assets in what is said to be the largest real estate portfolio buyout in the country

KKR, CVC, Ares among big name PE firms picking up new NYSCRF commitments

KKR, CVC Capital and Ares Management were the big name private equity firms picking up commitments in the latest round of investing from New York pension giant NYSCRF.

PropTech company JetClosing eyes new markets after closing $9bn Series B round

PropTech startup JetClosing has bagged $9m in its Series B round amid a plan to move into new markets.

TPP is looking for LPs for $1bn health initiative for black communities

Social impact private equity firm TPP Capital Management Group is launching a $1bn initiative to support health in black communities and is looking for LPs to support it. The Philadelphia-based firm has said it is

Spain’s Azora bets on European hotel recovery post-Covid, raises €680m for new fund

Spanish private equity real estate investor Azora has beating its €600m target in a new fundraise focused on leisure hotels in Europe.

Schroders races towards €500m target for fund eyeing coronavirus-hit hotel sector

Schroders fundraising amid the coronavirus is continuing apace following it pulling in €425m so far for its debut hotel-focused investment vehicle.

The Riverside Company backs commercial real estate brokerage software business Buildout

Lower mid-market-focused private equity house The Riverside Company has backed Buildout, a Chicago company that provides SaaS-based marketing and customer relationship management software to commercial real estate brokerages.

KKR raises smaller sophomore real estate credit fund at $950m

KKR has raised a smaller sophomore fund in its real estate credit strategy, pulling in $950m for the final close of the vehicle.

CalSTRS sees private equity returns go negative as Covid weighs heavily on investments

The $246bn-managing California State Teachers’ Retirement System has struggled to a 3.9% net return for the financial year as Covid-19 amid a huge slump in its private equity performance.

Blackstone secondaries arm hits $50bn fundraising mark with final close of new real estate vehicle

Blackstone, one of the biggest real estate private equity operators in the world, has hauled in $1.9bn for the final close of its latest secondaries fund dedicated to the asset class.

Castleforge Partners outstrips Fund II total by hauling in over £270m for latest fund close

Private equity real estate specialist Castleforge Partners has hauled in more than £270m for the final close of its third flagship fundraise.

Brookfield bets on European opportunity with €725m first close of new core-plus real estate fund

Brookfield Asset Management has hit an initial €725m close for its first European core-plus real estate fund as it looks to take advantage of volatility in the current market.

Private equity funds being used for mass-scale money laundering: FBI

Private equity funds are being used for mass-scale money laundering according to the US Federal Bureau of Investigation, which said the industry lacks adequate money-laundering programmes.

Hong Kong sets sights on becoming Asian private equity fund hub through new Limited Partnership Fund Bill

Hong Kong is hoping to establish itself as a prime Asian destination for private equity and venture capital fund launches through the launch of its new Limited Partnership Fund Bill.

KKR brings in retiring LaSalle IM Europe chairman Simon Marrison as senior advisor

KKR has hired the chairman of LaSalle Investment Management's European business, Simon Marrison, who is set to retire from the company after 19 years.

Principal Global Investors brings in Kropke to relaunch real estate investment strategy

The real estate arm of global investment management and insurance group Principal has brought in veteran investor John Kropke as managing director of its US and European business.

Angelo Gordon surges to $1.5bn hard cap for third Europe RE fund, almost double size of Fund II

Angelo Gordon & Co has hauled in more than $1.5bn for the hard cap close of its latest European real estate fund.

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