International

"It seems likely that fundraising will become an even more challenging prospect for many managers as competition continues to intensify."

The combination of DBRS with Morningstar Credit Ratings' U.S. business will expand Morningstar's global asset class coverage and provide an enhanced platform that will provide investors with leading fixed-income analysis and research, the company states.

Switzerland-based Baloise Group, which entered into the share-capital of Infracore in December 2018, increased its participation in the firm from 20% to 35%. In the two transactions, Aevis Victoria SA sold 61% of its interest in Infracore SA and retained a 19% stake in the firm.

The expansion, which will boost Hyatt's luxury portfolio in the Asia Pacific region by 25%, will be comprised of seven new Park Hyatt branded properties and six hotels each under the Grand Hyatt and Andaz brands, as well as two Alila branded resort properties.

Taking advantage of the hot tourism market with nearly 15 million visitors per year, the dual-branded new-build Hyatt Centric and Hyatt Regency project will be situated immediately opposite the Fallsview Casino, The Skylon Tower and the 5,000-seat performing arts center that is currently under construction.

Industrial properties show continued strong demand as the 1.4 million square feet of space in the portfolio is 100% leased.

The move comes after Norges decided to scale back its real estate push and focus more on buying stakes in listed real estate companies.

Much of GLP's US business stems from a 2014 deal to acquire IndCor Properties from Blackstone Group for $8.1 billion.