Managers

The New York-based real estate developer and fund manager has exceeded the target for its third Brazil fund, but plans to keep the vehicle open to investors through the end of the year.

Finesa Real Estate Group has held a first close on its investment vehicle, Diversified International Partners. This marks the first time that Colombian pension funds have invested in US real estate through a discretionary fund.

The Oakland, California-based private equity real estate firm – which previously raised $100 million from high-net-worth individuals – has begun marketing its first institutional real estate vehicle to investors.

Firms that want to market their real estate funds to LPs in the United Arab Emirates must now use local promoters or obtain marketing approval from local authorities.

The New York-based firm has hired Park Hill Real Estate Group, the subsidiary placement agent of The Blackstone Group, to help raise its next generation European fund and a US value added vehicle.

The European asset management firm has raised €115 million from institutional investors for a first closing of a property fund through which it will make investments in Sweden’s residential property market.

The Nordic firm’s second regional retail fund has secured €121 million in commitments. The firm hopes to attract up to €250 million for the vehicle by the end of the year.

The global property investment firm has raised €70 million in commitments from four German investors for its €500 million-plus European Retail Fund.

The Asian and European associations for investors in non-listed real estate vehicles have joined forces with the National Council for Real Estate Investment Fiduciaries to establish a new fund index to measure the performance of non-listed real estate vehicles worldwide.

The Securities and Exchange Commission will now hear public opinion on general solicitation rules after receiving several letters urging it to avoid acting in haste over the JOBS Act.