The US investment bank revealed its plans to reporters at China’s Boao Forum. At the same summit, Credit Agricole’s investment banking arm said it is also planning an Asian property fund at $1bn.
The asset management arm of the US retirement specialist is targeting core real estate assets across the US with its new property fund.
Despite further gains in its portfolio’s value the fund of funds' discount to NAV is increasing as listed private equity firms continue to suffer.
The Central and Eastern European mezzanine firm has tapped investor demand to invest in the hybrid form of debt as the credit crunch has pushed it centre stage.
The French fund of funds’ fundraising success comes as its core European mid-market remains buoyant despite difficulties in the worldwide credit markets.
Dennis Lopez, head of real estate at asset-backed shop Cambridge Place, has joined an emerging markets firm owned by India's Khemka family.
An SEC filing reveals the mega-firm’s IRRs to date as well as fundraising status for its seventh buyout fund.
Apollo, TPG and Blackstone are reportedly close to a deal to buy assets including leveraged loans linked to the firms’ own portfolio companies.
GMT’s sale of Finland’s largest credit information company to Investcorp provides the first exit for the communications specialist’s €350 million fund raised last year.
The buyout fund could set a European record, as a parallel fundraising from employees nears completion. Rival CVC Capital Partners is also hard on the heels of record holder Permira.