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After closing on its US and Asia property vehicles this year, the New York-based alternative investment manager is now more than halfway to reaching the target for its latest regional fund.
For the first time ever, interest in closed-ended commingled funds has dropped, a study published by Hodes Weill and Cornell University’s Baker Program in Real Estate has found.
South Carolina manager Greystar Real Estate Partners has closed its 10th value-add multifamily fund at its hard-cap.
fundraising downturn
Many firms are seeking ways to secure dry powder in the event of an economic slowdown, but these tactics do not always benefit investors.
Weinberg Capital Partners
The newly rebuilt property business of the French investment manager is seeking to raise its largest-ever value-add fund.
Part of the expected equity haul will include capital raised for the successor to the Milan-based firm’s second opportunity fund, which is the largest Italy-focused property vehicle to date.
Malaysia’s Employees Provident Fund and Townsend are among the investors in KaiLong’s second China real estate vehicle.
The firm exceeded the $600m target for its fifth value-add fund and raised additional capital for an investment vehicle linked to the main fund.
Following positive return performances in 2018, family office allocations to the strategy increased by 2.1 percentage points – more than any other asset class.
The Houston-based firm has moved to a more centralized structure and will have three regional chief investment officers.
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