The West coast debt shop has garnered $420m in commitments from LPs for its latest vehicle, the Mesa West Real Estate Income Fund II. It will continue fundraising until the end of the year, PERE has learnt.
1 min read · 05 January 2013
The New York-based firm reported losses of $212m on its real estate investments in Q1 and warned more write-downs should be expected in 2009. It comes as Blackstone reported overall losses of $93m for the first three months of the year.
2 min read · 05 January 2013
Executives at the private equity real estate group are searching for a new sponsor for the firm’s latest opportunity fund, which closed on $3.2bn days before the investment bank collapsed. The stake is worth a reportedly $780m.
1 min read · 05 January 2013
The San Francisco-based firm has closed its eighth private equity real estate fund, targeting all property sectors in the US.
1 min read · 05 January 2013
One of the largest private equity real estate platforms in the world will become independent of its bankrupt parent company, sister news site PERE has learned.
2 min read · 05 January 2013
The private equity real estate firm with more than $3bn in dry powder has told investors they can reduce their commitments by a tenth without penalty.
1 min read · 05 January 2013
The private equity real estate arm of Jones Lang LaSalle is reportedly eyeing property bargains in Japan, China and Australia, after raising $3bn for its latest fund. People familiar with the matter told PERE, the fund has 80% capital left to invest.
2 min read · 05 January 2013
Hundreds of billions of dollars are set to invest in distressed debt and real estate, according to funds lawyer Sandy Presant - but few investors will ‘jump’ now when opportunities could be better in six to 12 months.
2 min read · 05 January 2013
Crescent Resources, which develops and manages land in the South East and South West of the US, is a joint venture between MSREF and Duke Energy Corp. The firm said the voluntary filing would help it reduce and restructure its debt load.
1 min read · 05 January 2013
The German retailer needed state loans to renew credit lines worth up to €710m by Friday. That request was denied. Goldman Sachs’ Whitehall funds, RREEF, Pirelli Real Estate, Generali and the Borletti Group own a portfolio of Arcandor real estate.
2 min read · 05 January 2013
