alternatives

The Hong Kong-based private equity real estate firm has corralled $2.2bn for its sixth flagship opportunity fund and another $800m for a co-investment sidecar.

The Chicago-based manager has invested its first $220m for the strategy in campus housing and renewable energy.

The Austin-based alternatives property investment manager aims to raise $500m for its third value-add fund, Virtus Real Estate Capital III.

The New York-headquartered firm’s $480m transaction with Taubman Asia to buy half-stakes in three malls in the region comes as volumes in the asset class continue to wane.

Shifts in governmental policy and investor values have led a number of real estate investment vehicles to focus on more than just financial returns.

Institutional investors accounted for two-thirds of the fund as alternative real estate investment demand continues to rise.

With a 2005 bet on data centers, one Bethesda, Maryland-based private equity real estate firm turned a $100m foreclosure buy into an $800m sale.

The Canadian pension and Singapore sovereign wealth fund GIC are making an $800m bet on the property type with newly-formed Mount Elbert Capital Partners.

Alpha Investment Partners has agreed to acquire a data center in Frankfurt from its sector-focused real estate fund.

The Menlo Park, California-based private equity firm has closed on one of the largest data center transactions ever on behalf of its separate account with CalPERS.