Managers

The Austin, Texas firm is aiming for at least $100m in equity for its first fund targeting US student housing.

The Houston developer and the Ballymore Group have agreed to jointly develop Phase 4 of the Snowhill project in Birmingham.

The New Delhi-based private equity real estate firm has raised $79m in a first closing for its Red Fort India Real Estate Fund II, according to filings with the SEC. The firm’s ultimate capital raising target for the vehicle is $500m

The alternative investment management business of Deutsche Bank has won a KRW500bn separate account mandate to invest in core markets around the world from Samsung Life Insurance. The mandate brings RREEF’s capital under management in Asia to the $3bn mark.

The French insurer reveals two-thirds of the €1.2bn raised so far this year has come from investors awarding separate mandates.

Looking to raise $750m from tens of thousands of retail investors, the publicly registered vehicle will invest primarily in open-ended, core and core-plus property fund managers. However, the model could be expanded to closed-ended, value-added and opportunistic GPs in the future.

The firm's $1.8bn Global Opportunity Fund VIII is roughly 65 percent invested, paving the way for its next fundraise. Fund IX is expected to target a similar amount to its predecessor fund of roughly $2.5bn.

The listed firm has identified 1,200 potential LPs, which it will try to recruit into its funds. Blackstone has collected $15bn for its sixth private equity fund, and has just launched fundraising for its next real estate vehicle.

Jessica Hoffman Brennan will join former Credit Suisse private equity and real estate executives Michael Arpey and Alok Gaur on Carlyle’s investor relations team, which now has about 20 staff.

The firm’s $10.9bn Blackstone Real Estate Partners VI fund is 82% invested, triggering the firm’s next mega fundraise, believed to be Fund VII. News of the fundraise comes on the back of Blackstone’s real estate portfolio increasing in value by 8.7% in the first quarter.