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31 May 2012
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20 June 2012
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Carlyle to target some of e2.2bn fund at Portugal in link-up with Crimson realty
Global private equity firm 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 - expanding operations through a joint venture with Crimson Investment Management in Lisbon. Crimson was founded last November by Carlos Moedas, previously the Portuguese head of realtor Aguirre Newman. It will work on an exclusive basis for CEREP III, and report directly to Rachel Lupiani, Carlyle's Real Estate Director for Spain and Portugal.