Fundraising

Private equity real estate firms are seeing ‘many, many billions’ of dollars in potential equity and debt investments arise from the distress of the Latin American nation’s cash-strapped public homebuilders. PERE Magazine, July/August 2012 issue.

Eurohypo, a notable lender to private equity real estate firms in Europe, is pulling out of real estate lending, its parent company Commerzbank has said. The decision is a blow to borrowers, but at the same time underlined the void in real estate finance which private equity platforms plan to fill.

The SEC will not meet its 5 July deadline to finalise rules implementing the JOBS Act, which eliminates the ban on general solicitations by private equity managers.

In an era of constrained availability of capital for deals, mezzanine lenders have stepped in to fill the void, and limited partners have taken notice of the strategy's return potential and risk profile, writes New York Life Capital Partners chief executive officer Thomas Haubenstricker.

With necessary but controversial privatisations underway, Australian states are looking to the Superannuation funds to prove their commitment to their home market

KKR Global Infrastructure Investors has closed with $1 billion in committed capital. The fund, launched in 2008, has helped the private equity firm establish a $4bn real asset platform.

Ecosystem Investment Partners has raised $180m to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.

A Baltimore-based investment firm has raised $180 million to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.

The state investment board wants to reduce its exposure to the largest funds in the market and is selling stakes in funds managed by KKR, Charterhouse, Carlyle and Blackstone.

Girard Miller will be tasked with overseeing the Orange County Employees Retirement System’s $9.6bn portfolio as it implements a new asset allocation mix.