Sunday, 3 May 2015
Last updated 2 days ago
Mar 19 2013 | 2:06pm ET
Farallon Capital Management is seeking up to $400 million for its first dedicated real-estate hedge fund.
The San Francisco-based firm is marketing the vehicle to existing investors, Fox Business reports. It hopes to raise about $350 million to $400 million.
The real-estate fund will focus on the U.S., although it will be able to invest some of its capital abroad. Farallon hopes to achieve an internal rate of return of 20%.
Farallon's move into real estate follows those of two private-equity giants, Kohlberg Kravis Roberts and TPG Capital Management, both of which are planning their first dedicated real-estate vehicles.
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…