Managers

The Blackstone Group’s president says accelerating disposition and investment activity is part of its “buy it, fix it, sell it” approach to its property business, not a timing of market cycles.

AXA and Norges Bank’s new real estate debt platform is likely to see the sovereign fund finally exposed to opportunistic real estate – just not via equity.

The Mexico City-based private equity real estate firm has collected about one-third of its $350 million equity target for its retail-focused vehicle, with two additional closings expected in the next three months.

The Zug, Switzerland-based private markets investment manager is raising what is believed to be the largest global real estate multi-manager and secondaries funds ever. It is expected to hold final closes for both vehicles next year.

AXA Real Estate Investment Managers and Norges Bank Investment Management ‘s new joint venture will be able to underwrite senior loans of up to €600 million.

The firm, better known for its equity investing in commercial real estate, is looking to invest up to £1bn in UK CRE debt each year via a new vehicle.

The San Francisco-based private equity real estate firm, recently launched by ex-Presidio founders Jack Berquist and Desi Co, has taken on its first mandates, including a club deal involving CalSTRS and a hotel-focused commingled fund.

Meyer Bergman, the pan-Europe private equity real estate firm, has held a fourth close for Meyer Bergman European Retail Partners II (MBERPII) on €265 million of commitments. A Nordic institutional investor is the latest limited partner.

Following the return of 50 percent of its first fund’s capital, the real estate joint venture has brought its second opportunistic fund to market.

After holding a first close in May, the first-time fund manager is approaching its equity target and is expected to hit its hard cap by January.