Following the close of its debut special situations fund on under $200m last October, the Abraaj spin-out is expanding its business lines.
The manager of London’s only listed Russia-focused private equity fund is planning to raise a £50m unlisted fund – Aurora II – to take advantage of attractive prices among small- and medium-sized Russian businesses.
The investment in the MENA-focused private equity firm’s debut institutional fund will be used to help companies in the region develop beyond their local markets.
The bank has raised CHF300m for its dedicated green property fund, which will be listed on the Swiss exchange by 2013. The fund will target real estate in Switzerland only.
The Swiss fund of funds investor has raised nearly half of the combined $1.3bn it is seeking for its fourth European vehicle, its second Asia fund and sixth technology fund.
The Wisconsin State Investment Board has committed an additional $40m to two real estate funds to help them delever, including $10m to Fortress’ Fund III.
The listed firm will raise around £700m via a discounted rights issue. The proceeds will let the group pace its disposal of its existing portfolio investments and pay down debt.
State comptroller Thomas DiNapoli today released details on 94 funds to which disgraced former comptroller Alan Hevesi committed capital, alongside the names of placement agents and the fees they were paid. It is the most detailed disclosure yet in the wake of the Henry Morris pay-to-play scandal.
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.
The fund will reportedly make investments in companies across all sectors within the country.