The firm collected about $800m from new investors since it began marketing in early 2008.
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
The India- and Southeast Asia-focused fund will target distressed assets, turnarounds, recapitalisations and other opportunities arising from turmoil in financial markets.
San Francisco-based Liquid Realty is targeting $800 million for its fifth vehicle. If successful the fund would be the largest-ever private equity real estate secondaries fund. PERE June 2009
A survey by Ernst & Young suggests the ability to refinance maturing debt on commercial properties in the next 12 to 18 months is the single most important concern in today’s market.
The UK-based financial services specialist has almost doubled the size of its first fund as it seeks to capitalise on opportunities thrown up by the last two years’ turbulence in the financial sector.
The two institutional backers have provided a €1.3bn anchor investment for the vehicle, which will invest in Central and Eastern Europe and the CIS. It will be the firm’s first third-party fund.
The firm, a division of Dutch bank Rabobank, is targeting €250m for its second private equity fund that will focus investments in funds that adhere to a robust set of environmental, social and governance principles.
The Indian power trading solutions provider will use INR5bn raised from a recent equity share issue to anchor the fund.
The country's latest tax exemption for foreign investors applies to private equity profits, formerly taxed at rates of either 15% or 25%.