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Whether the Boston-headquartered manager should fret over losing Gillian Chee, the manager of its incoming Asia core fund, is debatable.
The private equity real estate firm, focused on value-add investing in Sweden’s major cities, is extending its fundraising reach beyond domestic investors as it targets a $300 million haul.
Private equity heavyweight BC Partners is throwing its hat into the real estate ring at a frothy time for the sector, but division boss Stéphane Theuriau believes timing is irrelevant when you offer multiple risk and return strategies.
Europa Europe
The London-based manager launched its latest value-add fund, which has a €1bn hard-cap, only four months ago.
Stuart Sziklas will join the firm as head of US custom accounts on September 3, and will lead the portfolio managers overseeing $10 billion across the firm’s separately managed accounts.
The global real estate manager said while tenant bankruptcies have resulted in a $150m loss since 2018, it has a plan to reposition its retail portfolio with more resilient tenants.
The London-based firm's first close on Castleforge Partners Fund III already makes the vehicle more than 85% the size of its predecessor.
World
Growth in the global real estate market was muted across almost all countries in 2018 because of currencies depreciating against the US dollar, according to a July report by MSCI.
Frankfurt am Main
Audrey Klein is the latest executive to leave Corestate Capital, where she has worked as managing director of international institutional clients for the past 18 months.
In 2018, Texas Teachers' Retirement System committed $3.5 billion to principal real estate investment, compared with $2.3 billion to real estate funds
In 2018, the $150 billion pension plan committed $3.5 billion to the investment strategy, compared with $2.3 billion to real estate funds.
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