Insights

KAP’s insights on private equity investor relations and fundraising

Welcome back to the weekly Re-KAP where we round up market and LP news from the RE PE marketplace (Dec. 06, 2017)

MARKET NEWS

NYC-based GTIS Partners and the $215.3 billion California State Teachers’ Retirement System (CalSTRs) have entered into a joint venture agreement to initially invest $204 million in homebuilding and residential lot development, nationwide.

CAPITAL RAISING UPDATES

  • The Wall Street Journal recently reported on the final closing of CBRE and LaSalle’s latest funds. Together, the two funds amassed nearly $2.5 billion. CBRE’s eighth value-added fund will focus primarily on the U.S. while LaSalle’s third debt fund is targeting Western Europe. Despite the successful outcome, CBRE fell short of its fundraising goal by about $160 million.
  • IREI recently published its Opportunistic Funds Investment Guide. As of November 30, they list 23 funds seeking more than $7 billion of capital commitments. Approximately half of these funds are expected to close by Q2 2018.

 
PEOPLE MOVES

David Rose re-joins Walton Street as a Principal. In his newly created role within Walton Street’s Investor & Marketing Services Group, he will be responsible for marketing and providing resources and services to real estate consultant and advisory firms. Previously, Rose was a partner in the real estate practice at Aon Hewitt, where he was the lead consultant for several key clients, managed the due diligence process for new products and was a senior researcher for the real estate sector.

In creating a new marketing role, Walton Street joins many industry peers. At the beginning of 2017, Institutional Investor reported a significant increase in Investor Relations hires at real estate and private equity firms.

LIMITED PARTNER NEWS