Jonathan Brasse
In a statement released today, Abdulrahman al-Saleh, director general of Dubai’s department of finance, distanced the financial position of the state from the debts of Dubai World, a ports and real estate investment conglomerate it owns.
The Kuwait-China Investment Company, part-owned by the Kuwait Investment Authority, is planning to use an office in Shanghai from which to launch private equity vehicles. The firm invests in sectors including infrastructure and real estate.
The National Pension Service of Korea has agreed to buy HSBC’s headquarter building in London’s Canary Wharf in what will be one of the biggest single asset transactions of 2009.
Rockspring Property Investment Managers has completed its first deals for its London-focused separate account with the National Pension Service of Korea.
Though there are some obvious signs of distress in Dubai, there are not enough reasons to form an opportunistic investment strategy for the emirate. By Jonathan Brasse. PERE magazine, November 2009.
The Houston-based developer and fund manager has teamed with the real estate arm of the National Bank of Abu Dhabi as it seeks to increase its exposure to the region.
The Beijing-based private equity fund launched by former Goldman Sachs executives has reportedly made its first investment outside of China.
The newly-formed 1Malaysia Development Berhad has teamed up with Saudi-backed investment company, PetroSaudi International to launch a company aimed at co-investing with international investors in projects in Malaysia. Target sectors include energy and real estate.
According to reports in the local media, the Houston-based developer and fund manager is aiming to start investing through the vehicle in the next six to nine months.
Are separate mandates, such as Rockspring’s appointment by The National Pension Service of Korea, another threat to blind pool funds? PERE magazine October 2009