Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment firm, has closed its first direct real estate fund, Elevation I, at its hard cap of EUR700 million.
Launches & Fundraising
New York Life Investments partners with CBRE to add global infrastructure and real estate strategies to fund family
New York Life Investments is bringing additional alternative investment funds into its MainStay Fund lineup through a strategic partnership with CBRE Global Investors.
DN Capital, a real estate investor and operator founded by David Nourani, is collaborating with Alpamint Capital to launch its second London property fund, DN Capital Fund II.
Building and project consultancy Paragon has launched a green investment service to help funds set and attain specific environmental targets.
Lincolnshire Co-op’s GBP70m redevelopment of The Cornhill Quarter has attracted three major fashion retailers, Phase 8, Whistles and Hobbs, to its mixed used scheme in the centre of Lincoln.
TD Asset Management (TDAM) has launched its latest alternative investment solution, the TD Greystone Global Real Estate Fund.
Boutique real estate investment firm Optimum Asset Management, has launched its fourth German real estate fund.
Proptech VC, Pi Labs, has held the first close of its third Fund (Fund 3) at USD23 million. The fund which is expects to be fully raised by the end of 2020, is targeting USD75 million.
Digital wealth manager, Syfe, has launched the REIT+ portfolio, a first-of-its-kind initiative that allows anyone in Singapore to start risk-managed investing in Singapore real estate with no minimum investment.
PATRIZIA has secured a further EUR384 million of equity commitments for its flagship discretionary value add fund, TransEuropean VII LP (TEP VII), which, combined with the EUR250 million previously announced, brings the total raised to date to EUR634 million.