DLJ Merchant Banking will provide two-thirds of the capital and New York-based boutique hotelier Morgans will provide the rest.
Fresh from its deal to buy into UK ports group Peel Ports, the global real estate manager has announced its involvement in a residential scheme in Zhuhai.
Duke Street Capital founder Edmund Truell’s new company the Pension Insurance Corporation may come to the rescue of buyout firms looking at deals with mature pension fund issues.
Following investments in the country’s office and residential sectors, Zell’s private equity real estate vehicle has acquired a large stake in a Brazilian retailer.
Along with Saudi prince Alwaleed bin Talal, the Microsoft founder’s investment office, Cascade, has made an offer that values the Toronto-based hotel company at $3.7bn.
The fund represents the new real estate platform from Goldman alums Daniel Neidich, Steve Mnuchin and Chip Seelig.
The private equity firm’s inaugural real estate vehicle has partnered with California-based multi-family player Bascom to invest in NPLs and distressed properties.
The global real estate investment manager has bought a minority stake in the ports business of private UK property group Peel Holdings in the latest example of infrastructure luring property investors.
The amount of capital flowing into real estate is pushing opportunistic investors into an increasingly expanding number of investment strategies and geographic sectors—at least judging by the diverse speakers and panelists at the inaugural North American Private Equity Real Estate Forum, held earlier this week in New York City.Â
If the investment bank hits its target it would surpass the current high-water mark, the $5.3 billion fund raised by The Blackstone Group this summer.
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