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13 February 2012

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Carlyle to target some of e2.2bn CEREP III fund equity at Portugal in new Crimson JV

Global private equity firm Carlyle Group is targeting Portugal with some of the e2.2bn of equity it raised in June 2008 in its third European real estate fund CEREP III. It has set up a JV partnership with Lisbon-based Crimson Investment Management, founded last November by Carlos Moedas, previously the Portuguese head of realtor Aguirre Newman. Moedas also worked in London for Eurohypo and Goldman Sachs.

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