The European and Asian Special Situations fund has up to $300m in capital soft-circled and is targeting a first close this June.
Bernard Sheahan is the man behind the IFC’s new Infrastructure Crisis Facility: a $10bn pot of money that could lend to your project or invest in your next infrastructure fund. Cezary Podkul asked him about his vision for the facility, how investors can get access to it, and why it is of such critical importance at the current time
Aberdeen Property Investors raised just half its target for its second Asia fund of funds. The firm is now playing defence as it tries to ensure the capital is invested wisely, including keeping a 'reserve' to address future risks. PERE June 2009
Citi Property Investors has seen the departure of another seasoned professional - global head of marketing and client relations John Bottomley. Bottomley has joined New York's Rockefeller Group. PERE June 2009
The US arm of the British property company led by the Duke of Westminster has also postponed its US multifamily fund amid ‘inauspicious markets’. The firm though has acquired a portfolio of senior loans on land and residential homes in Atlanta.
The exodus of foreign GPs from Japan over the last few months shows many have been unable to endure the wait required to see this notoriously tough private equity market fulfil its potential. However, not everyone there is faring badly – and the economic downturn may even be opening more doors for private equity. Emma Cusworth reports.
San Francisco-based Liquid Realty is targeting $800 million for its fifth vehicle. If successful the fund would be the largest-ever private equity real estate secondaries fund. PERE June 2009
The findings of a recent survey appear to strengthen the case for portfolio diversification
Business development company American Capital has defaulted on its debt, but Christopher Witkowsky finds it is battling hard to stave off bankruptcy
Swiss fund of funds manager Adveq recently demonstrated that succession planning and its execution needn't be a painful exercise