The world's
biggest alternative asset manager is seeking to raise $ 5 billion for its first nontraded real estate investment trust, which has relatively illiquid shares and will most likely be marketed to retail buyers.
Not exact matches
CEO at Brookfield since 2000, Bruce Flatt oversees the world's
biggest owner of prime office space and the world's second - largest
alternative asset manager.
It is the
biggest shake - up in KKR's structure since the firm went public 12 years ago, making it the second
alternative asset manager to change its tax status, following Ares Management LP earlier this year.
To date, we've seen a limited number of deals, with US
alternative asset managers & funds actually doing most of the running — I expect those same large US PE / distressed fund
managers will become even
bigger European - focused buyers & fund - raisers over time (a key reason for buying FIG, for example).
Gray, 46, a billionaire who oversees real estate at the world's
biggest manager of
alternative assets, is a Democrat who financially supported Hillary Clinton during the campaign.