J.E. Robert Companies and co- fund manager Alfa Capital Partners has attracted the European Bank for Reconstruction and Development as an investor.
The investment bank has raised $8bn for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
USS makes a $200 million (€149 million) investment in Partners Group’s new hedge fund of funds strategy that is being replicated by other large financial houses.
Khaleej Finance and Investment has partnered with Kuwait Investment Company and Kuwait Finance House to launch a Sharia-compliant private equity fund targeting real estate.
The US property fund manager has announced the acquisition of a Paris office block, which it plans to refurbish by the summer of 2009.
The private equity real estate firm has sold 106 buildings that it purchased last year as part of its privatization of CarrAmerica. Arden Realty was the buyer.
The two private equity firms have agreed to buy publicly traded Penn National Gaming, which owns 18 facilities in 14 US states.
Earlier this week, Goldman Sachs and Bear Stearns each announced their second quarter earnings. And the news was not good. Bear Stearns posted a loss of 33 percent, while Goldman Sachs only racked up a 1 percent increase in profits. Â
AIM-listed Evolvence India Fund has backed its seventh Indian private equity fund as investors warm to buyout firms in the booming Indian economy.
The investment vehicle of Qatari property investment fund Three Delta has upped its stake in Sainsburys.
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