Fundraising

The Pacific Shores Center was the right building at the wrong time, but it was still able to go from dot-com bust to post-bubble boom.

The quoted Vietnam-focused real estate company, which spun out of private equity firm VinaCapital, has raised double its initial target of $200m in its second round of fundraising.

The French quoted investment group with €6 billion under management has rationalised its business and sold its non-core interests in venture capital and real estate for $214 million to US insurer AIG.

Two US real estate investment firms have struck separate sale and leaseback deals with Kwik-Fit in Europe totaling €213m.

The Blackstone Group is reportedly close to filing for an initial public offering of the firm just weeks after Steven Schwarzman dismissed the public markets as a source of capital for buyout fundraising.

As expected, UK-listed buyout group 3i has sold UK car park operator NCP to Macquarie for £790m, realising a substantial profit just a year and a half after buying the company.

A group of investors, including Blackstone Real Estate co-head Chad Pike, discussed the evolution of private equity real estate and infrastructure during a panel discussion yesterday at MIPIM.

London-based Europa Capital has held a first close of €100m on its new fund targeting property in Eastern and Southeastern Europe, which is being headed up by former EBRD pro Tim Norman.

The private equity firm has sold a majority stake in its German residential company to Morley Fund Management and Round Hill Capital.

The global firm has agreed to buy Tennessee discount retailer Dollar General for $7bn.