Richard Anthony, head of Evercore Partners Private Funds Group, said ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets.
2 min read · 15 January 2013
Richard Anthony, head of Evercore Partners Private Funds Group, said at an event in New York that ‘there will not be enough capital to satisfy all the demand’ and as a result many big-ticket fund managers will have to slash their fundraising targets. The market for infrastructure will likewise not be an easy sell.
3 min read · 15 January 2013
The real estate fund management division of French insurer AXA has brought its equity pile for AXA Real Estate Development Venture III to €377.5m after is second closing.
2 min read · 15 January 2013
The 6-year-old distressed debt affiliate — which is also rumoured to be raising a new distressed debt fund — beat its $400m target.
2 min read · 15 January 2013
3i Infrastructure, the London-listed infrastructure investor, has signed a new £200m revolving credit facility with a five-member banking syndicate. It replaces an equivalent £225m facility due to expire next month, and will be used as a ‘bridge to equity’ to finance future transactions.
2 min read · 15 January 2013
The Bethesda, Maryland firm, co-founded by Robert Johnson (pic) and Thomas Baltimore, is talking to LPs about consolidating its Urban Lodging Fund II and Fund III for a possible IPO as a public REIT.
2 min read · 15 January 2013
The firm expects to hit the fundraising trail this year targeting a similar amount to its $10.9bn opportunity fund, BREP VI, which is 70% invested. President Tony James said Blackstone invested $5bn of equity in real estate in 2010.
2 min read · 15 January 2013
Democratic Representative Rosa DeLauro of Connecticut again sponsored legislation to create a powerful, centralised infrastructure financing institution. The legislation is similar to her 2009 infrastructure bank bill, but with a few key changes. President Barack Obama has repeatedly supported the creation of an infrastructure bank.
3 min read · 15 January 2013
Spain’s macroeconomic problems have put off many real estate investors, but some hardy firms have managed to find attractive situations to invest in. PERE Magazine February 2011 issue.
10 min read · 15 January 2013
Offshore funds lawyer Arwel Lewis looks at the trends that emerged in 2010 and predicts which will carry forward to 2011.
6 min read · 15 January 2013
