Managers

The Boston-based private equity real estate firm has announced the final closing of its Alcion Real Estate Fund II on almost $500m of commitments, surpassing its $400m initial target.

New Mexico's Public Employees’ Retirement Association has made its second major real estate commitment this year from its $70 million annual allotment.

The insurer’s Latin American real estate investment arm plans to raise $500 million for a fund targeting sustainable housing in Mexico. First, however, it is looking for a starter commitment from the IFC.

MGPA, the private equity real estate firm, has joint ventured with CarVal Investors for a Central London office development. It is the second time the pair have struck up a JV on a European city centre development having recently announced a project in Paris.

The São Paulo-based alternative investment management firm has completed fundraising for the second issuance of its Brazilian real estate rental income fund and plans to launch a new development fund later this quarter.

The Italian real estate management firm is looking to raise €100 million for a fund focusing on the development of luxury properties in Sardinia.

The Greenwich, Connecticut-based firm, led by Barry Sternlicht, has commenced fundraising for Starwood Distressed Opportunity Fund IX, targeting between $2 billion and $3 billion. The firm's hospitality fund series, however, will come to an end.

The Asia logistics giant led by ex-ProLogis chief Jeff Schwartz and backed by the Government of Singapore Investment Corporation has reportedly been granted exclusivity in its negotiations to buy the Chicago-based investment management firm’s 24-asset Japanese logistics portfolio.

The $26 billion pension plan’s board has approved a commitment to the Philadelphia-based private equity and mezzanine debt investor's latest high-yield real estate debt fund.

Pradera follows up plans for an Egyptian retail fund with plans for a fund targeting investments in the Turkish retail real estate sector. The London-based firm has teamed up with Istanbul-based Krea Real Estate to launch the vehicle.