The FIG-focused firm is deploying a recently closed €575m fund, having in May become the first private equity firm to buy a UK bank.
Fundraising is down $8.1bn from $36.3bn raised in 2007. This downward trend could change in 2009 as 85 infrastructure funds are fundraising this year, according to a study by the accounting firm.
Real estate funds raised $29.7 billion in 2008, almost twice the capital raised in 2007.
Mega-firms with dry powder are breaking the LBO mould to get deals done, writes Toby Mitchenall.
Following a period of frenzied fundraising for pan-regional Asian funds, the focus is now shifting to standalone pockets of opportunity, writes Siddharth Poddar.
The Cincinnati-based real estate investment firm secured commitments from nine investors for its fourth vehicle, PERE has learnt. The firm has also bought its first asset, a 170,000-sq. ft Target-anchored centre in Phoenix.
The New York firm has raised an opportunity fund to acquire mortgage securities, structured products and other opportunities from the US mortgage market.
The Sydney-based property company has formed a joint venture with Bank of Scotland lasting three years as part of efforts to put its financial future on a more secure footing.
The Singapore-listed leisure investment firm and developer has held a final close on its Banyan Tree Indochina Hospitality Fund, short of its original $300m to $400m target. The vehicle's core asset will be the Laguna Hue resort development.
The listed debt investor has launched a fully underwritten rights issue and has raised €475m for its 2008 Recovery Fund.