Managers

Grant Kelley has left the helm of Apollo Global Management’s Asia real estate business after four years in charge to lead Singaporean property company City Developments.

The Cleveland-based investment management and advisory firm raised just over half of its original target for the controversial vehicle, which it launched in 2012.

The world’s largest real estate investment manager is planning to undertake €6 billion of transactions in Europe this year, two-thirds of which should be acquisitions.

The London-based real estate fund management company has hired Tony Brown to head up investments as it ramps up global activities.

The Chicago-based firm has reached its hard cap for LaSalle Real Estate Debt Strategies II, giving the overall platform in Europe more than £1 billion to deploy in debt and special situations.

 An aggregate $32.9 billion was raised by PERE funds with global strategies  

The Chevy Chase, Maryland-based real estate investment manager already has gathered nearly the same amount of equity as its debut capital raise in 2012. 

The New York-based investment advisor is looking to raise $500 million for its first fund targeting the niche sector – and its first closed-ended vehicle in six years.

More than 14% of all secondaries deals last year were real estate purchases, according to Toronto-based advisory firm Setter Capital.

The Mumbai-based fund manager hopes to hold a final close on its first fund targeting international institutional capital by the end of the year.