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Launches & Fundraising

London

L&G and PGGM launch GBP475m London office joint venture

Wed, 28/01/2015 - 18:00

Legal & General Capital (L&G) and Dutch pension fund manager, PGGM, have launched a London Office joint venture partnership which has completed its first GBP67 million investment - 72 Broadwick Street in Soho.  »

man with megaphone

Principal Funds expands real estate offering with two new funds

Thu, 22/01/2015 - 15:00

Principal Funds has launched two new funds: the Principal Real Estate Debt Income Fund (class a:PRDYX and Class I) and the Principal Real Estate Allocation Fund (class a:PAEDX and Class I). »

crowd funding

Acquire Real Estate launches new real estate investing platform for individuals

Thu, 22/01/2015 - 12:15

Acquire Real Estate has launched a new crowd investing platform providing accredited investors access to previously unavailable institutional-quality deals. »

Christopher ELvin, Preqin

Strong private equity fundraising continues in 2014, but capital concentrated among fewer funds

Tue, 20/01/2015 - 12:26

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  »

man with megaphone

INTERNOS to target EUR750 million in acquisitions following strong 2014

Tue, 20/01/2015 - 09:00

INTERNOS’s strategy for 2015 is to launch a range of new funds in parallel with the takeover of existing portfolios, a business line where INTERNOS has demonstrated considerable past success.   »

US flag

iShares launches US real estate ETF

Wed, 14/01/2015 - 10:15

BlackRock has launched the first exchange-traded fund (ETF) that is an effective substitute for physical real estate –  the iShares MSCI Target US Real Estate UCITS ETF. »

Closed

MERLIN Properties closes EUR940 million financing of BBVA Portfolio

Fri, 02/01/2015 - 11:00

MERLIN Properties has closed the financing of its fully owned subsidiary Tree Inversiones Inmobiliarias Socimi through a EUR940 million, 10-year debt facility secured against the Tree portfolio of assets, long-term leased to BBVA. »

One finger

Mill Residential completes UK’s first ‘combined IPO’

Wed, 24/12/2014 - 15:03

The latest entrant to the AIM market has become the first company in the UK to float after securing investment from both crowdfunding and institutional investors. »

upwards graph

Vandenberg Permanent launches USD1.5bn NYC Supertall real estate investment fund

Fri, 19/12/2014 - 18:00

Vandenberg Permanent has launched The Supertall Opportunity Fund, which will seek to raise USD1.5 billion through a private offering to invest in ultra-luxury office, hotel and condominium developments. »

man with megaphone

Solactive licenses new index for launch of IBI Israel Commercial Real Estate Tracking Fund

Wed, 17/12/2014 - 14:00

Solactive AG has licensed the Solactive - B-BRE Israel Commercial Real Estate Index which is used for the newly-launched IBI Israel Commercial Real Estate Tracking Fund issued by IBI Investment House. »

debt

SLI launches new commercial real estate debt fund

Mon, 08/12/2014 - 09:00

Standard Life Investments (SLI) has launched the Commercial Real Estate Debt Fund, which is structured as a limited partnership and designed for institutional investors. »

Paris Eiffel Tower

AXA Real Estate starts marketing Paris office development QU4DRANS

Fri, 05/12/2014 - 09:00

AXA Real Estate Investment Managers has launched the marketing of its QU4DRANS project development in Paris, on behalf of Development Venture III. »

Rocket Launch

BNY Mellon Investment Boutique sees opportunity in liquid alternative investment

Thu, 04/12/2014 - 10:45

CenterSquare Investment Management, the real asset investment boutique for BNY Mellon, has launched an institutional investment strategy that invests in global infrastructure via publicly traded companies. »

Cattle

Dexion Capital and Brown & Co launch farmland venture

Wed, 26/11/2014 - 09:00

Dexion Capital and Brown & Co have launched a joint venture, Agricultural Asset Management (Agri-AM), which aims to bring the investment case for agriculture to a wider investor audience. »

man with megaphone

Tritax Big Box REIT plans institutional placing

Mon, 24/11/2014 - 14:45

Tritax Big Box REIT intends to proceed with an institutional placing (placing) of new ordinary shares (placing shares) at a price of 105 pence per share (placing price).  »

documents with pen

Horizon’s new property fund to invest in strategic land development

Thu, 20/11/2014 - 15:15

Horizon Asset Management has launched the Protected Capital Property Fund, which will aim to achieve long term capital growth by investing in a diversified portfolio of property-based investments in the UK. »

European flags

GELF successfully prices EUR400m Eurobond

Wed, 19/11/2014 - 09:45

 The Goodman European Logistics Fund (GEL), Goodman Group's flagship managed fund in Europe, successfully priced its second Eurobond issue in two years under its EMTN programme. »

UK flag

Mill Group launches mainstream UK buy-to-let market REIT

Tue, 18/11/2014 - 06:30

Investors can now gain tax efficient exposure to the buy-to-let market without taking on the full cost of a property following the launch of the first mainstream UK residential Real Estate Investment Trust (REIT). »

Green light

Heitman launches European Real Estate Return UCITS fund

Thu, 13/11/2014 - 16:01

Real estate investment management firm Heitman has launched a new absolute return UCITS IV compliant fund, the Heitman European Real Estate Opportunities Fund (HERO). »

Dollars

Grand Coast Capital fund surpasses USD20m

Fri, 07/11/2014 - 14:01

Grand Coast Capital Group’s proprietary real estate fund, Grand Coast Capital Fund I, has raised over USD20 million in investment capital since inception in late 2013. »

Up arrow

European private real estate fundraising doubles in 2014

Fri, 07/11/2014 - 09:19

So far in 2014, over EUR21bn has been raised by Europe-focused private real estate funds, almost twice the EUR11bn raised throughout the whole of 2013, according to Preqin. »

Dollars

Molpus Woodlands Group holds final closing of Fund IV with USD662.5m in commitments

Wed, 29/10/2014 - 15:00

The Molpus Woodlands Group has held the final closing of Molpus Woodlands Fund IV, with commitments of USD662.5 million, inclusive of commitments to parallel funds. »

Closed sign

Dune closes Fund III on USD960m

Wed, 29/10/2014 - 14:01

Dune Real Estate Partners has held the closing of its third real estate fund, Dune Real Estate Fund III, with USD960 million in capital commitments, substantially exceeding its USD850 million target. »

Two fingers

French middle class housing fund launches second fundraising

Wed, 29/10/2014 - 11:45

After a first closing of EUR515m, SNI (Société Nationale Immobilière), a subsidiary of Caisse des Dépôts, is now aiming to raise additional funds with a target of at least EUR700m, giving it total investment firepower of EUR1.2bn.  »

British pounds

Octopus raises GBP130m for commercial property fund

Mon, 20/10/2014 - 11:44

Octopus Investments has raised GBP130 million for the Commercial Real Estate Debt Fund, a closed-ended limited partnership offering institutional investors a credit-based exposure to UK commercial property. »

Closed sign

LCP to close latest GBP100m property fund

Mon, 20/10/2014 - 10:01

London Central Portfolio (LCP) is to close the firm’s latest GBP100m property fund on 14 November, following a successful equity raise. »

Two tiers

Is there a two-tier fundraising market?

Fri, 17/10/2014 - 10:19

Despite infrastructure fundraising showing signs of growth, achieving a successful fundraise is more difficult than ever in such a competitive market. Preqin examines which funds are more likely to achieve their target size and the key factors for fundraising success. »

Canadian dollars

Slate Retail REIT closes CAD50m bought deal equity offering

Wed, 15/10/2014 - 14:06

Slate Retail REIT has closed its offering of 4,260,000 class U trust units of the REIT, at a price of CAD11.75 per unit (USD10.72) for gross proceeds of approximately CAD50 million (or USD46 million). »

Joined hands

Apollo Credit launches retail sector investment JV

Tue, 14/10/2014 - 16:01

Funds managed by affiliates of Apollo Global Management have launched Alteri Investors, a joint venture focused on financing opportunities arising across performing, stressed and distressed retail sector situations in Europe. »

Globe

SSgA launches global real estate mutual fund with CBRE Clarion Securities

Fri, 10/10/2014 - 10:06

State Street Global Advisors (SSgA) has launched the State Street Clarion Global Real Estate Income Fund, an open-end global real estate mutual fund. »

features
Special report
Cayman Islands Hedge Fund Services 2014

Cayman Islands Hedge Fund Services 2014

Fri, 19/12/2014 - 10:24

With service providers reporting growth in hybrid funds, funds for single investors and bespoke managed accounts, this report examines the regulations and new services being developed in Cayman to tackle the fast-changing offshore funds market... »

Article
Christiopher Elvin, Preqin

55% of private equity firms surveyed by Preqin at the end of 2014 stated they would deploy greater levels of capital in 2015, although 39% suggested it is more difficult to find attractive investments. Preqin’s Christopher Elvin comments: ... »

Special report
Guide to relocation 2014

Guide to Relocation 2014

Mon, 24/11/2014 - 10:53

The GFM Guide to Relocation 2014 draws together in one volume the key points covering the relocation of investment funds and managers to the following major jurisdictions – The Bahamas, BVI, Guernsey, Malta and Ticino... »

Article
Christopher ELvin, Preqin

977 private equity funds held a final close throughout the year raising a total of USD486bn, higher than any annual amount between 2009 and 2012, and on track to match the 2013 total. Preqin’s Christopher Elvin (pictured) reviews a year of private equity fundraising:  ... »

Article
Up arrow

Over half of infrastructure funds that closed in 2014 exceeded their fundraising target, up from 37% of funds in 2013. Andrew Moylan, Preqin’s Head of Real Assets Products, takes a look at infrastructure fundraising over the last 12 months: ... »

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