Managers

The New York-based private equity real estate firm has held a final close for its US real estate vehicle, which initially had fundraising challenges but ultimately exceeded its $650 million target. The capital raise was bolstered in part by a sizable commitment from Texas Teachers.

The Jeddah-based boutique investment and asset management firm has included a London development fund on its slate of new investment vehicles for 2012. It would be the first time Al-Khabeer has invested outside of the Gulf region.

The Stockholm-based firm reveals it has raised its largest Nordic opportunistic fund since it started in 1998, despite the ‘challenging’ fundraising environment, smashing its original €600m target.

Due to an inability to secure liquidity in the current market, SEB ImmoInvest will be dissolved. The properties acquired on behalf of the €6 billion fund will be sold over the next five years.

The Land of Enchantment’s $15 billion endowment has made contributions to Clarion’s Lion Industrial Trust and Prudential’s PRISA as part of a strategy to move away from opportunistic investments and more toward income-producing ones.

Most of the legacy real estate fund businesses sponsored by financial institutions have disappeared from this year’s PERE 30 ranking, while strategic shifts and large older vintage funds do not bode well for the remaining bank-sponsored platforms.

The New York-based private equity real estate firm has raised 75 percent of its $2 billion target for its global value-added real estate fund, Westbrook Real Estate Fund IX. The capital thus far has come from more than 40 US institutions.

The $126 billion pension system has made a sizable commitment to BREP VII as part of its overall goal of committing $6 billion to alternative investments over the next three years..

The New York-based firm has raised RMB 1.2 billion for a mixed-use development in Suzhou in what it claims to be the first Renminbi denominated real estate fund raised by a foreign developer.

Thanks largely to its current fundraising effort, the New York private equity and real estate giant has increased the distance between itself and its closest competitors. Meanwhile, most of the remaining legacy firms have fallen out of the ranking, opening the door for several new players and returning firms.