International private equity and real estate group Quinlan Private has completed fundraising for its first fund open to U.S. investors. QP has raised €400 million (US$630 million) from U.S. investors for the Quinlan Private European Strategic Real Estate Fund.
The firm raised an additional €325 million (US$512) from Irish and U.K. institutional investors, endowments, foundations, life companies and high-net worth individuals.
The fund targets real estate assets in the leisure/hospitality, retail, office and residential sectors.
Olan Cremin, Quinlan’s CEO, said the fund has a strong pipeline of investment opportunities and expects that it will be fully invested during 2008.
Genna GarverBy Genna Garver, John Brunjes, and Cheri Hoff of Bracewell & Giuliani -- On Oct. 27 the Private Fund Investment Advisers Registration Act of 2009 (H.R. 3818) moved one step closer to becoming law with the 67-1 approval of the U.S. House of Representatives Committee on Financial Services (the "Bill"). More...
Investors this week announced the formation of NewWorld Capital Group, a private equity firm that will invest in middle-market companies and related infrastructure projects in the cleantech sphere. More...