Managers

Bei Capital is expected to invest on behalf of the world’s largest institutional investors on a long-term basis via an evergreen vehicle. The Hong Kong-based firm is to start with real estate investments before expanding into private equity and infrastructure.

Hines US Office Value Added Venture III has obtained $210 million in equity from a single institutional investor. With leverage, the vehicle will have more than $600 million of buying power for the US office sector.

The New Jersey-based real estate investment manager has wrapped up capital raising for its US debt fund, which attracted commitments from institutional investors such as the Employees Retirement System of Texas.

The $15.6 billion pension plan has approved a contribution to an emerging US real estate manager after previously committing to Brookfield’s and Rockpoint’s opportunistic vehicles.

The New York-based firm, best known for owning a stake in the Chrysler building, has launched a fund with a $750 million final target. If achieved, it would be its biggest to date.

With German open-ended funds less in contention these days, significant growth in Spezialfonds is expected, according to a report released by CBRE.

The Blackstone Group has closed its latest global real estate fund, which is the largest real estate opportunity vehicle ever raised. About 35 percent of the commingled vehicle already is invested.

The Asia- and Europe-focused private equity real estate firm has downsized its Japanese division by nine as it seeks to redeploy and grow its presence in Australia and China.

The London-based private equity real estate firm held a first close on Friday, raising between €150m and €170m of equity, PERE has learned.

Improving investor sentiment for Sub-Saharan Africa is evident as the London-based, pan-emerging markets private equity firm smashes through its original $250m fundraising target to haul $278m.