Credit Suisse plans $2.5 bln global property fund
MUMBAI, April 24 (Reuters) - Credit Suisse (CSGN.VX) is launching a $2.5 billion fund for investment in property, the latest in a string of large private equity fund raisings for the sector.
"We're about to start marketing the fund, which is for investment globally," Credit Suisse's head of Asia Pacific real estate, Sameer Nayar, told Reuters on the sidelines of a property conference in India.
The New York-based banker declined to give other details of the fund, which is looking to tap growing investor appetite for geographical diversification in property investment.
Among other large property funds being raised this year, is a $10 billion fund by private equity firm the Blackstone Group [BG.UL] and a $8 billion fund by Morgan Stanley (MS.N).
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