The firm founded by Sam Kaneko brought a very un-Japanese style of investment to Asia’s largest market. This allowed daVinci to grow into Japan’s largest private equity real estate firm but, according to market insiders, was partly to blame for the dire problems the firm faces today. PERE magazine, Dec 2009-Jan 2010 issue
There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.
Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.
The $400m sale of commercial mortgage bonds by US mall owner Developers Diversified Realty was secured by 28 assets. The REIT says it will continue to access ‘long-term capital to retire short-term debt’.
The Hastings Infrastructure Debt Fund III will predominantly lend junior debt to infrastructure projects and businesses in sectors such as utilities, transport, telecommunications and social infrastructure.
Private equity firms spent 2009 strengthening portfolios and are now looking to invest large amounts of dry powder, a panel in New York told delegates.
The Tokyo-based firm will make growth capital investments and provide fresh funding for stressed Japanese companies.
Contrary to what one might expect, a lot of managers are finding 2009 to be a good time to launch an infrastructure fund. From curious investors in emerging markets to helping hands from governments, there are plenty of reasons to be planning a roadshow.
The British DFI has committed $5m to local manager Manocap.
Catherine Lewis La Torre, co-founder of fund of funds Proventure, will help Fondinvest to invest two recently closed funds.