FUND I
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture, LP
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture, LP ("Fund
I") is a closed-end fund initiated in October 1997 with approximately $850
million in equity commitments. The investment strategy for the Fund is a
"value-added" strategy with a primary focus on office buildings located in a
select number of global target markets. The target markets are primarily
first-tier urban, Central Business Districts including London, Paris, New York,
Chicago, Los Angeles, Silicon Valley, and Boston. The Fund is currently fully
liquidated.
FUND III
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture III, LLC
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture III, LLC
("Fund III") is a closed-end fund initiated in March 1999 with over $200
million in equity commitments. The investment strategy for the Fund is a
"value-added" strategy with a primary focus on office buildings located in a
select number of global target markets. The target markets are primarily
first-tier urban, Central Business Districts including Berlin, Sao Paolo,
London, Frankfurt, Rio, Boston, New York, Chicago, San Francisco, and Los
Angeles.
FUND IV
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture IV, LLC
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture IV, LLC
("Fund IV") is a closed-end fund started in May 2000 with over $350 million in
equity commitments. The investment strategy for the Fund is a "value-added"
strategy with a primary focus on office buildings located in a select number of
global target markets. The target markets are primarily first-tier urban
Central Business Districts including San Francisco, New York, Paris, London,
and Madrid.
US FUND V
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture V, LP
Tishman Speyer/Citigroup Alternative Investments Real Estate Venture V, LP is a
closed-end fund started in November 2001. The fund has approximately $300
million in equity commitments. Its strategy is "value-added" with a primary
focus on office buildings located in a select number of first-tier U.S.
metropolitan target markets. These markets are primarily urban, Central
Business Districts which include New York, San Francisco, and Washington D.C.
INTERNATIONAL FUND V
Tishman Speyer/Citigroup Alternative Investments International Real Estate
Venture V, LP Tishman Speyer/Citigroup Alternative Investments Real Estate
Venture V, LP is a closed-end fund started in November 2001. The fund has
approximately $300 million in equity commitments. Its strategy is "value-added"
with a primary focus on office buildings located in a select number of
first-tier metropolitan target markets located primarily in Europe but also in
South America. These markets are primarily urban, Central Business Districts
which include Amsterdam, Paris, Frankfurt and Brazil.
ESOF
Tishman Speyer European Strategic Office Fund, LP Tishman Speyer European
Strategic Office Fund, LP ("ESOF") is a closed-end fund started in August 2003
with approximately €602 million in equity commitments. ESOF is a core-plus
pan-European investment platform focused on acquiring assets that are
well-positioned in major Western European Central Business Districts (including
Amsterdam, Brussels, Frankfurt, London, Madrid, Milan, and Paris.) Assets will
have minimal short-term leasing risk, are devoid of land/ development risk and
provide stable, current cash distributions based on lower risk-adjusted
returns.
TISHMAN
SPEYER OFFICE FUND (TSOF)
On December 1, 2004, Tishman Speyer became the first American real estate
company to launch a publicly listed fund of Class A U.S. office properties on
the Australian Securities Exchange (ASX: TSO). The public offering raised AUD
526.5 million from Australian investors who today hold a 45.9% interest in a 12
building, US$3.22 billion dollar portfolio and a 99.9% interest in a 6
building US$738.8 million portfolio of premium properties located in 11 US
markets. Some of the highlights of the 18 building portfolio that totals nearly
8.8 million square feet include 300 Park Avenue in New York, Franklin Center in
Chicago, One Bush Street in San Francisco and three Class A properties on Maple
Drive in Beverly Hills. The Joint Venture partners in the 12 building portfolio
are Government of Singapore Investment Corporation Real Estate Pte Ltd. (GIC
RE) with a 49% stake while a privately held fund managed by Tishman Speyer
controls the remaining 5.1%.
FUND VI
Tishman Speyer Real Estate Venture VI ("Fund VI") is a closed end fund that
started in December 2004 with $1.1 billion in commitments. Fund VI is a
value-add strategy that focus on three primary opportunities: Repositioning/
Releasing, redevelopment and ground up development. The fund will concentrate
primarily on Class A commercial office properties located in the central
business districts of six target markets including New York, Boston, Washington
DC, Los Angeles, Chicago and San Francisco. Some of the fund acquisitions to
date include the MetLife Building in New York, 125 South Wacker in Chicago and
400 South Hope in Los Angeles.
INDIA FUND
Tishman Speyer India Fund L.P., a closed-end fund, had its final close in
February 2007 with approximately INR 15.7 billion in equity commitments. The
Fund employs an opportunistic investment strategy to develop high-quality
office, residential and mixed-use projects that will meet the standards of
international office tenants and the residential standards of the increasingly
affluent middle class homebuyers. The Fund's developments include large-scale
mixed-use projects known as integrated townships. The Fund's primary geographic
focus is seven metropolitan markets: Mumbai, Kolkata, Delhi, Bangalore,
Hyderabad, Chennai and Pune. Within these markets, the Fund will seek
high-growth areas outside of the central business districts where demand is
supported by multinational corporations and their employees.
TSEV
Tishman Speyer European Real Estate Venture VI, LP, a closed-end fund, had its
final close in May 2007 with over €1 billion in equity commitments. A
pan-European fund with a value-added investment strategy, TSEV is focused on
the repositioning, redevelopment and development of high-quality office
properties. The Fund may also explore large-scale, quality residential
developments and mixed-use properties with a predominant office component where
the potential for significant value-creation exist. Target markets include
Belgium, France, Germany, Italy, The Netherlands, Portugal, Spain, Sweden, and
the United Kingdom. Select cities in these areas encompass Europe's key
financial and services centers and host its largest office markets. The Fund
expects to capitalize on Europe’s current real estate and capital markets
trends.
BRAZIL FUND
Tishman Speyer Brazil Fund, L.P., a real-denominated fund, had its final close
in October 2007, raising approximately R$1.2 billion (US$600 million equivalent
at the time of closing) of equity capital. The Brazil Fund employs an
opportunistic investment strategy focusing on the acquisition, development or
redevelopment of high-quality office, for-sale residential and mixed-use
properties that meet the needs of multinational corporations, high-quality
domestic companies and Brazil's increasingly affluent population. Based in São
Paulo with a satellite office in Rio de Janeiro, the Brazil Fund's team of real
estate professionals is targeting investments in the key commercial submarkets
of São Paulo and Rio de Janeiro as well as other urban areas that suffer from
an under-supply of the high-quality office and residential space demanded by
world-class tenants and Brazil's upwardly mobile domestic population.
TISHMAN SPEYER BRAZIL FUND II, L.P.
Fund capitalization and Investment Strategy
Tishman Speyer Brazil Fund II, L.P. ("Brazil Fund II") closed in 2008 with
approximately R$197 million of capital commitments. Brazil Fund II pursues an
opportunistic strategy, developing international-quality office, industrial, and
for sale residential properties and also acquiring select distressed real estate
assets. Target markets include São Paolo, Rio de Janeiro, and Sorocaba.
TISHMAN SPEYER CHINA FUND, L.P.
Fund capitalization and Investment Strategy
Tishman Speyer China Fund, L.P. ("China Fund") closed in 2008 with $884 million
of capital commitments. The China Fund, which pursues an opportunistic strategy,
is designed to capitalize on the compelling real estate investment opportunities
created by China's strong economic growth, increasingly wealthy middle class, and
massive urbanization. The Fund acquires, develops, and manages real estate
assets located in major high-growth urban centers in China.