The head of BlackRock investment management firm, spun out of The Blackstone Group in 1992, has stepped down as president—reportedly to raise a $1 billion fund for private equity, hedge fund and real estate investments.
Even in real estate, appearances are not what they seem.
Catalyst Investors has closed its second buyout fund and a UK co-investment vehicle on $170 million, below their initial target of $250 million.
The firm is launching its second Asian fund of funds vehicle less than a year after its maiden foray into the region.
Southeast Asia’s largest developer has set up its second Chinese property development fund, targeting retail properties.
Former NBA star Magic Johnson has endorsed a group created to oppose a House bill that would increase carried interest tax.
A leading fund manager said today that the shock waves emanating from the subprime mortgage crisis in the US could stifle investment activity in the European commercial real estate market.
The European fund manager has rolled up and sold a package of German retail property for more than €900m, making three times money for LPs in the European Property Investors vehicle.
Irish private equity and real estate firm First Equity Group has purchased two sites for development in Beverly Hills in the firm’s fourth deal on the West Coast.
Industrial REIT DCT is working with JP Morgan Asset Management on a joint venture to invest in the US logistics sector.
If you do not receive this within five minutes, please try to sign in again. If the problem persists, please email: