The Newport Beach, California-based investment manager is targeting $3bn-$4bn for its latest real estate fund.
View the latest capital raises
The London-based private equity real estate firm announced a record €1.5 billion final closing for its fifth opportunity fund this week. But there’s more to this fundraising than it let on.
Stronger economic growth, the availability of debt capital, and a more positive outlook from investors are driving global property capital flows in 2017, according to the property consultancy’s latest investor survey.
The London-based private equity real estate firm has held a final closing for the vehicle just three months after holding its first.
Research commissioned by the trade organization also revealed that non-listed real estate funds that use currency hedging strategies experienced a reduction in risk of between 25% and 36% compared with unhedged funds.
The Toronto-based alternative asset manager and New York pension fund are selling the 45-story building to a joint venture led by China’s HNA Group.
fell short of its predecessor’s $2bn close.
The firm raised $80m for the vehicle in December.
The firm is looking to raise $5bn for its latest US opportunity fund, $800m more than it raised for its predecessor vehicle.
FOR THE WORLD'S PRIVATE REAL ESTATE MARKETS
PERE provides the complete private real estate news & intelligence service. We cover the key players, firms, private real estate investments and deals globally. We examine the relationship between private real estate investors & private real estate fund managers. Keep your finger on the pulse of who and what is driving private real estate globally.