Managers

The San Francisco-based real estate firm is said to be oversubscribed for its fourth fund, which will focus on the acquisition and repositioning of multifamily properties.
Listed French real estate company, Altarea Cogedim, has beaten its original fundraising target by collecting €600m of commitments for a Paris office vehicle seeking mid-teen returns.
If you are contemplating raising a fund, you need to read this. Alan Pardee, globetrotting managing partner of Mercury Capital Advisors, explains what he is finding out on behalf of GPs looking for capital.
An INREV study has declared that there is a ‘real focus’ on reducing the fee burden for funds of funds, with management fees being the clear target.
The New York-based financial services firm plans to match the amount of capital it raised for its first European opportunity fund in 2008.
CY Leung, DTZ’s chairman in Asia Pacific, has handed in his notice at the firm in order to run for chief executive of Hong Kong in next year’s election. Leung merged his Chinese property services company CY Leung & Co into DTZ in 2000 providing the London-based firm with a strong footing in the Chinese market.
Tokyo-based Secured Capital and London-based asset manager Aviva Investors are plotting the introduction of a hybrid investment vehicle focused on Japan offices. The blind pool club would have characteristics of traditional blind pool funds and non-discretionary investment clubs.
The real estate division of UBS Global Asset Management won a tender for a multi-manager mandate from Germany’s Bayerische Versorgungskammer that has a wide range of investment possibilities.
The New York-based firm, which is seeking $2 billion in equity commitments to target properties in gateway cities around the globe, already has received $200 million in commitments from two endowments.
The New York-based firm has made early headway in its capital raising efforts for its second Japan-focused opportunity fund. The ¥100bn Fortress Japan Opportunity Domestic Fund II is expected to be used predominantly for investments in the country’s debt space with a view to taking controlling positions.
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