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.
Merrill Lynch puts plans for its second Asian real estate opportunity fund on ice as it awaits direction from the bank’s new owners, the Bank of America.
The New York-based private equity real estate firms are once again the two largest private equity real estate firms in the world. The top 30 firms raised more than $211 billion in value-added, opportunistic capital over the past five years.
The mid-market private equity firm is hopeful it will garner at least £360m – equalling Fund VII – by the end of the year in its first fundraising since it span out from investment banking group Close Brothers.
The joint venture between Abu Dhabi Investment Company and UBS Global Asset Management is raising a $600m fund to invest in infrastructure development in the MENA region. Research commissioned by the two firms predicts soaring government infrastructure spend in the region.
The alternative investment firm will close its third MENA-focused private equity fund 'in two weeks'. The fund will invest in Algeria, Egypt, Jordan, Lebanon, Morocco, Palestine, Syria and Tunisia.
Over the past five years, the top 30 private equity real estate firms in the world have raised more than $211 billion -10 percent more than when PERE last counted capital raising efforts by the industry. Read on to discover the firms garnering the most. PERE Magazine May 2009.