Monday, 27 July 2015
Last updated 3 hours 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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…