Exits

Aravis Energy, a Zurich-based venture capital firm, has sold LuciaWind, a Spanish wind farm operator, to Swiss utility EBM. The deal is illustrative of the trend for entrepreneurs and VC firms to roll up renewable energy plants into portfolios they can sell to utilities and large infrastructure funds.

The global fund has received commitments of $580m and will primarily invest in greenfield assets across the globe. It is targeting a final close of $1bn.

There has been little clarity to the US real estate markets in the past year, however things have started to change. At the recent Urban Land Institute conference in San Francisco, PERE assembled a cross-section of industry professionals to gauge their thoughts on the state of the market and the future for private equity real estate. PERE magazine December 2009-January 2010 issue.

Fundraising for Asia-focused funds may have stalled, but it has less to do with Asia than it has to with a slowdown in the pace of investments globally, writes Siddharth Poddar.

The development of the Berlin Brandenburg International Airport is to benefit from a €2.4bn infrastructure financing package. Seven German banks, led by KfW IPEX-Bank, are providing €1.4bn, with the European Investment Bank chipping in with a further €1bn.

The development of the Berlin Brandenburg International Airport is to benefit from a €2.4bn infrastructure financing package. Seven German banks, led by KfW IPEX-Bank, are providing €1.4bn, with the European Investment Bank chipping in with a further €1bn.

The development of the Berlin Brandenburg International Airport is to benefit from a €2.4bn infrastructure financing package. Seven German banks, led by KfW IPEX-Bank, are providing €1.4bn, with the European Investment Bank chipping in with a further €1bn.

The development of the Berlin Brandenburg International Airport is to benefit from a €2.4bn infrastructure financing package. Seven German banks, led by KfW IPEX-Bank, are providing €1.4bn, with the European Investment Bank chipping in with a further €1bn.

The development of the Berlin Brandenburg International Airport is to benefit from a €2.4bn infrastructure financing package. Seven German banks, led by KfW IPEX-Bank, are providing €1.4bn, with the European Investment Bank chipping in with a further €1bn.

The $182bn pension, the largest in the US, will negotiate with private equity firms for fee reductions on all new commitments. The practice follows a policy the pension implemented in March to negotiate fee reductions with hedge funds.