Managers

The Zug-based private equity real estate firm Corestate Capital has struck up a corporate deal to sell a stake in itself to a listed property company in order to expand its equity base.

Weinberg Capital Partners, the Paris-based firm, is on course to meet its target of €150m to deploy in opportunistic and value add investments amid ‘economic turmoil’ in France.

After consulting with its investors, the Indian fund manager has changed its second fund into more of a club offering with an increased target size, and has held a first close on $240 million.

The Tokyo-based private equity real estate firm is expecting to reach its $1 billion fundraising target, a record for the firm, by the end of next month.

Santo Domingo-based TVP Management is seeking to attract capital for real estate development projects in the Caribbean nation, with a first closing expected next month.

The Singapore-based property developer and fund manager and CIMB Group, Malaysia’s second largest financial services provider, have collected the first round of capital commitments for their second Malaysia-focused real estate fund.

The New York-based private equity firm has now raised half of the target capital for its debut property fund. The firm also has invested an additional $250 million for “new strategic initiatives” within real estate.

The Los Angeles-based private real estate firm is back in the market with its third commercial real estate debt vehicle, just one year after it raised $1.4 billion for the predecessor fund.

The Toronto- and New York-based alternative asset manager has held a final close for its first global real estate opportunity vehicle.

The Irving, Texas-based investment manager and commercial real estate lender already has surpassed the entire equity haul for its previous real estate fund and has led the firm to focus on real estate equity investments rather than debt.