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Kildare Partners USA
The firm’s third opportunistic vehicle was launched in November 2019 with a $1.5bn original target.
The private equity firms’ large bet on the hotel owner and operator speaks to the faster-than-expected rebound in the sector, but its pricing remains a point of contention.
The New York-based private equity firm’s CIREP V marks the second higher-risk, higher-return property fund closing to be announced in a week.
Recent dizzying stock market volatility is unlikely to override the steadily growing appeal of real estate equities as a long-term, high performing asset class in an institutional investor’s portfolio.
The Frankfurt-based private equity real estate firm is looking at cancelled transactions and auctions for deals for its €350m fourth European opportunity fund.
The unprecedented events of the past year have spurred greater interest in listed real estate. Arshiya Khullar explores how that could change the composition for institutional real estate portfolios.
The private equity giant has been given a vote of confidence in its controversial appointment of John Pattar in 2018 after it raised 40% of the capital for its first Asia real estate fund from investors also invested in his former Fudo Capital fund series.
The higher returning strategy raised only $35.4bn, but the average fund size hit an all-time high, according to PERE data.
Buying opportunities will come from both expiring closed-end funds and developers motivated to sell to either repay debt or recycle capital.
The Miami-based investment firm has completed its biggest-ever initial closing with its latest property vehicle, which is also the largest in market.

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