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Fundraising

Locust Point raises $312m for niche debt strategy

The Red Bank, New Jersey-based firm’s debut fund is a rare example of an alternative real estate sector-specific credit vehicle.

Partners places its latest real estate money on mature bets

The latest secondaries capital raising by the Zug-based firm further demonstrates increasing appetite for buying properties from tail-end funds.

Hines closes oversubscribed European value-add fund

The Houston-based real estate investment firm closed on €720 million for its latest fund, surpassing its fundraising target by more than 40 percent.

Carlyle closes on its largest-ever RE fund

Carlyle Realty Partners VIII, which had a $5bn target, will be focused on sectors with ‘enduring growth.’

Dermody is oversubscribed again for its second industrial fund – Exclusive

In capturing $619m, the Reno-based firm exceeded its $600m target for Dermody Properties Industrial Fund II.

Patrizia Multi Managers raises €182m first closing from Sparinvest faithful – Exclusive

After securing capital from repeat investors in its funds series, the Danish funds of funds manager previously known as Sparinvest Property Investors will now dig into new owner Patrizia’s investor base.

GLP, GIC form $2bn China fund – Exclusive

The new vehicle represents the Singaporean sovereign wealth fund’s first commitment to GLP after selling all of its shares in the company in January.

The other side of the recovery

The return of private real estate fundraising for closed-end vehicles following the global financial crisis has already peaked, according to PERE research, with annual capital-raising aggregates and the number of funds raised on the decline since 2015.

Partners hits €2bn mark on RE secondaries program

The program comprises four sleeves, one of which will continue to accept commitments from US investors.

Trion launches second multifamily fund – Exclusive

The California-based firm will be using a crowdfunding platform to help raise capital for the vehicle, which has a value-add strategy targeting apartments on the West Coast.

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