Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
Published in November 2007 by PEI Media Ltd Second Floor ...
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Investment Firm.<br />
FUTURE PRIVATE REAL ESTATE FUND INVESTMENT APPETITE<br />
Provides an <strong>in</strong>dication of the <strong>in</strong>stitution's future appetite for different types of private real estate <strong>in</strong>vestment opportunities, or that the <strong>in</strong>stitution has<br />
<strong>in</strong>vested <strong>in</strong> such vehicles / opportunities <strong>in</strong> the past.<br />
North America Western Europe<br />
Core<br />
Core Plus<br />
Central &<br />
Eastern Europe<br />
Middle East /<br />
Africa<br />
Value Added • • •<br />
Opportunity<br />
Mezzan<strong>in</strong>e / Debt<br />
Turnaround / Distressed<br />
Infrastructure<br />
Fund of Funds<br />
<strong>Second</strong>ary Fund Interests<br />
Other<br />
Asia Pacific<br />
Lat<strong>in</strong> America<br />
INVESTMENT OPPORTUNITIES<br />
Future Bite Size<br />
Future Number of GPs to Invest with<br />
Approx. Future Capital to be Invested<br />
Approx. Number of Funds Commit to <strong>in</strong> Future<br />
Directs<br />
<strong>Second</strong>ary Directs<br />
Debut / First Time Funds<br />
Co-<strong>in</strong>vestments<br />
•<br />
PRIVATE REAL ESTATE FUND COMMITMENTS INCLUDE:<br />
Fund Name Manager Size Year Fund Type Region(s) Sector(s) Commitment<br />
Lazard Freres Real Estate Lazard Freres USD 225 m 1992 Value Added NA<br />
Offshore I<br />
Lazard Freres Real Estate Lazard Freres USD 292 m 1995 Value Added NA Diversified<br />
Offshore II<br />
Lazard Freres Strategic Realty Lazard Freres USD 810 m 1996 Value Added NA Diversified<br />
Investors I LP<br />
Lazard Freres Strategic Realty<br />
Investors II LP<br />
Lazard Freres USD 1531 m 1997 Value Added NA Diversified<br />
GLOBAL INVESTMENT HOUSE<br />
HEAD OFFICE<br />
Al-Mirqab, Abdullah Al-Mubarak Str.<br />
Souk Al-Safat Bldg, 2nd flr.<br />
P.O. Box 28807<br />
Safat<br />
13149<br />
Kuwait<br />
Tel: +965 2400551<br />
Fax: +965 2400661<br />
www.global<strong>in</strong>v.net<br />
ASSETS / FUNDS UNDER MANAGEMENT<br />
USD 7.5 billion (as of 4 July <strong>2007</strong>)<br />
ALLOCATION TO ALTERNATIVES<br />
17%<br />
ALLOCATION TO REAL ESTATE<br />
AMOUNT ALLOCATED TO REAL ESTATE<br />
USD 300 to 400 million<br />
ALLOCATION TO PRIVATE REAL ESTATE<br />
(As a percentage of real estate)<br />
YEAR FIRST INVESTED IN PRIVATE REAL ESTATE<br />
2003<br />
ADVISORS<br />
BRANCHES<br />
Sheikh Zayed Road<br />
White Crown Build<strong>in</strong>g, Office 1901<br />
Post Box: 121227<br />
Dubai<br />
United Arab Emirates<br />
Tel: +971 4 3320332<br />
Fax: +971 4 3316668<br />
CONTACTS<br />
Mr. Shailesh Dash<br />
Head of Investment Strategy<br />
Tel: +(Ext: 196)<br />
Safat, Kuwait<br />
Mr. Joseph Joseph<br />
Senior Investment Manager<br />
Tel: (Ext: 332)<br />
Safat, Kuwait<br />
Mr. Rakesh Patnaik<br />
Head of Real Estate<br />
Tel: (Ext: 258)<br />
Safat, Kuwait<br />
The Global Directory of Investors <strong>in</strong> Private Real Estate Funds – <strong>Second</strong> Edition<br />
672<br />
© <strong>2007</strong> <strong>PEI</strong> <strong>Media</strong> <strong>Ltd</strong>.
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