Wednesday, August 22, 2012

Rich Folks Go Where Pensions Dare Not

Net Lease Market NEWS As big institutional investors pull back from investing in high-risk real-estate funds, these funds are turning to a new source for capital: rich people. Starwood Capital Group, Lone Star Funds, Carlyle Group CG -0.59% and others have raised billions of dollars over the past several months from wealthy individuals seeking to get in on the firms' newest "opportunity" funds, which buy or develop riskier properties and use higher levels of debt in hopes of reaping high returns.

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