Jane Roberts
M&G has launched the first European fund to offer inflation-linked protection.
The firm has almost fully invested two debt funds and has mad the hires after several senior departures last year. Mike Pashley joins from Ares while Ali Imraan comes from RBS.
%2080.jpg "White Tower sues Colliers over £1.8bn UK office portfolio")
White Tower is suing Colliers International UK alleging that the firm overvalued some of the assets in a £1.8 billion UK office portfolio which backed a high profile defaulted European securitisation during the financial crisis.
The UK firm has won commitments from five pension funds for the debut strategy.
The alternative investment firm has launched a real estate debt fund with a flexible mandate with €50m in seed capital from its majority owner, Italian lender Mediobanca.
.jpg?id=19327357299 "AgFe holds final close for senior debt fund")
The real estate lender came in under its £1 billion target for the fund but plans to launch a follow-on vehicle immediately.
The firm deployed £2.2 billion in commercial real estate debt in 2015 and expects to be back out on the fundraising trail soon.
The Atlanta-based real estate manager is gathering $700m for its 11th fund and expects to hold a first close soon.
Graham Emmett is expected to start working in a senior role at the European opportunistic real estate group early next year.
The European Secured Property Income Fund is M&G’s first commingled real estate fund launch in three years.