Japan’s Marubeni Corporation announced that it will help fund a residential project developed by a unit of India’s Kolte-Patil Developers in Pune, Maharashtra.
Marubeni is subscribing to non-convertible debentures issued by Kolte-Patil Integrated Townships Ltd for its fifth real estate investment in India. The project in the Life Republic township will create 900 homes and is expected to be completed in 2029.
Marubeni make 5th real estate investment in India, CBRE IM Raises $1.6B
CBRE Investment Management has announced the final close of its latest real estate secondaries fund, Real Estate Partners 2. The fund raised $1.62 billion in capital commitments, exceeding its original $1.25 billion target. It also secured additional co-investment capital, bringing the total investment capacity to over $2.25 billion.
The fund aims for strong returns by investing in high-quality, income-producing assets at a discount. It leverages CBRE IM’s global scale, unique research, and strong operator relationships to source and create value in complex or overlooked market segments.
Ares Raises Over $7B for Credit Secondaries
Ares Management announced this week that it has raised $7.1 billion in capital for its Credit Secondaries strategy. This includes the final closing of its inaugural Ares Credit Secondaries Fund, affiliated vehicles, and expected leverage.
With $4 billion in LP equity commitments, the fund has doubled its $2 billion target and represents Ares’s largest inaugural institutional fundraise. The fund plans to invest in a diverse portfolio of mainly senior secured, private-equity-backed, and floating-rate private credit portfolios.
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