Farallon Readies Real-Estate Fund, Eyes $400M

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.


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...