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Carlyle to target some of e2.2bn fund equity at Portugal, with new partner Crimson
Global private equity firm The Carlyle Group is targeting at least some of the e2.2bn of equity it raised in June 2008 in its third European real estate fund CEREP III at Portugal. It announced in summer an expansion of real estate operations in Iberia through a joint venture partnership with Crimson Investment Management, based in Lisbon.
Crimson will work on an exclusive basis for CEREP III, and report directly to Rachel Lupiani, Carlyle's Real Estate Director for Spain and Portugal. Crimson was founded last November by Carlos Moedas, previously the Portuguese head of realtor Aguirre Newman. Moedas also worked in London for Eurohypo and Goldman Sachs. pfe (Full story in upcoming PFE/PIE editions)