Fundraising

The San Francisco-based private equity real estate firm has closed its third property vehicle, almost twice the size of its previous fund, targeting the US multifamily sector.

The largest pension fund in the US now has approximately $3 billion of its real estate assets in Asia.

The cash infusion is the third private equity investment in the Mumbai-based developer Lodha Group.

In a pre-close results statement published today, FTSE 100-listed 3i said its multi-strategy investment model will make it easier to deal with any fallout from the debt market turmoil.

Swedish buyout firm Litorina Kapital, led by Harold Kaiser, has held the final close of its latest fund two times oversubscribed despite losing cornerstone investor Swedbank.

Fledgling firm Environmental Capital Partners has secured $100 million from the New York Private Bank & Trust and its founders, which include private equity industry vets, a Yale School of Forestry professor and former New York Ranger Mike Richter.

The firm has made a London hire to help manage the 13 investments made so far for JER Europe Fund III.

DISH Network operator EchoStar has paid $380 million to acquire Sling Media from its venture capital backers including Goldman Sachs, Allen & Company, DCM and Mobius Venture Capital.

Having recently reported an increase in value and growth in the region, the firm’s private equity real estate arm will launch an East Africa-dedicated fund, its fifth fund in the last two and a half years.

The Helsinki-listed alternative asset manager has beefed up its management group and created new internal services and investor services units.