Blumberg Capital Partners, a leading US-based investment firm, has launched a $1bn commercial real estate fund to capitalise on distressed properties in the US, the Gulf and Brazil, the firm’s CEO has said.

Almost a third of the capital will be ring-fenced for possible investment in the Gulf and the equity fund has attracted interest from local sovereign wealth funds keen to diversify their real estate portfolio, said CEO and founder Philip Blumberg.

arabianbusiness.com