Zoe Hughes
The $37.6bn national oil fund has made commitments to Goldman Sachs’ $7.5bn infrastructure fund and Alinda’s second infrastructure vehicle. Alaska has also launched a $400m fund of funds to invest in private equity funds targeting companies valued at less than $1bn.
The US state's $37.6bn national oil fund has launched a $400m fund of funds targeting middle market companies, a departure from its previous private equity programme. It has also made commitments to Goldman Sachs’ and Alinda’s latest infrastructure funds.
The Chicago-based private equity real estate firm led by former Heitman partner Christopher Merrill and the grandsons of the Motorola founding fathers, Christopher and Michael Galvin, will expand its “recession-resistant” investments in the US education, healthcare and boat storage real estate sectors.
John Kukral, who was fundamental in building Blackstone’s real estate arm, will target US distressed real estate companies and assets with his debut fund, Northwood Real Estate Partners I. The fund is an evergreen vehicle.
The real estate arm of German bank, Commerzbank, has returned to the London property market for the first time in three years after previously buying the headquarters of insurance institution, Lloyd’s of London.
The US public pension looks to alternatives to drive returns, plowing $825m into private equity, real estate and hedge funds.
Donald Trump’s son is reportedly targeting India’s growing middle class with ‘high-end, luxury’ developments. Trump Jr said Mumbai would be his first point of entry into the country. The fund, he said, would start off small but grow as the Trump Organization grew more familiar with India.
The Washington-based private equity real estate firm has launched a debt financing vehicle to provide up to $1bn to struggling development projects in the US. It will focus on property developments with a total capitalization of between $20m and $75m.
Blue Capital, the company jointly owned by Colony Capital and Groupe Arnault, has again increased its stake in French supermarket retailer Carrefour. Blue Capital now holds 12.9 percent of Carrefour. In May, Colony also increased its stake in Europe’s largest hotel owner, Accor.
The US’ largest union of long-term care workers, the Service Employees International Union, launched its ‘global day of action’ today targeting KKR, its portfolio company Toys R Us and pension funds and politicians in support of the buyout industry. Unite, the largest union in Britain, also joined the cause.