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Erik Kolb

The Los Angeles-based investment manager has exceeded the fundraising target for its second offering by 50 percent.
The Canadian investment manager acquired the office tower at 600 California Street on behalf of the Multi-Employer Property Trust.
With more and more capital pouring into real estate, it is becoming harder to break into the ranks of the world’s elite investors.
The New York-based fund manager’s backing of the new real estate investment management business comes on the heels of a $150 million investment in a New Orleans-based developer.
After holding a first close in June, the Greenwich, Connecticut-based firm has attracted an additional $2.1 billion in commitments for Fund X over the past four months.
The asset management arm of the insurer has acquired a minority stake in Gary Garrabrant’s new firm and will invest in its first fund.
Among the topics explored were transparency, the increasing complexities of reporting and the future of fees.   
The Chicago-based investment manager will invest in US industrial development on behalf of a public pension plan believed to be the Virginia Retirement System.
Attendees of PERE’s inaugural US Investors Council expressed concern over the late stage of the current real estate recovery and how to cope with all the capital pouring into the sector. 
Matt Holberton has left Ares to join French asset manager’s US capital-raising team in New York.
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