Managers

The São Paulo-based real estate fund manager, formerly known as Prosperitas Investimentos, turned away $350 million in commitments for its new Brazil-focused fund, which launched just five months ago.

The head of the Los Angeles-based real estate firm’s debt investment business officially left his post last week, which will trigger a key-man clause in the platform’s two open-ended funds.

InfraRed Capital Partners, the real estate and infrastructure investment management business spun out from HSBC, is back on the fundraising trail for its follow-up to its InfraRed NF China Real Estate Fund, which has now been fully deployed.

Westport Capital Partner Fund III has closed on more than $571 million in equity commitments, or 15 percent above its target. The value-added vehicle will focus on distressed opportunities throughout the US, including distressed debt and real assets.

The San Francisco-based firm, which once raised the largest-ever real estate secondaries fund, has ceased efforts to market its fifth vehicle as it considers options for a shift in strategy.

The New York-based private real estate investment firm, led by former Blackstone Real Estate Advisors chief executive John Kukral, has set up shop in Los Angeles as it pursues more investments on the West Coast.

AG Realty Fund VIII and AG Core Plus Realty Fund III have closed on $1.27 billion and $1 billion, respectively.

The investment bank’s private equity real estate platform is expected to raise a sequel fund to its 2008, $2.6bn GS Real Estate Mezzanine Partners that would target both US and European opportunities.

The New York-based firm, led by former WP Carey executive Edward LaPuma, will be rolling out two real estate vehicles focusing on the sale-leaseback market in North America and Europe and seeking to raise a total of more than $400 million from institutional investors.

The Miami-based private equity firm also will be opening a new office in Bogota, Colombia, to support investments on behalf of the vehicle, which is the first dedicated to hospitality assets in the country.