Firms and Funds

Boston-based real estate investment firm Longpoint Partners has closed a joint venture with Brookfield Asset Management's real estate secondaries business.

Peabody has formed R3, a renewable energy development company, in a joint venture with Riverstone and Summit Partners.

RMZ Corp and Canada Pension Plan Investment Board have launched a second joint venture to develop and hold commercial office space in key Indian cities.

Prospect Hill Growth Partners has formed Legacy Franchise Concepts, a multi-brand platform focused on consumer services concepts.

Apollo has launched a sustainable investing platform focused on financing and investing in the energy transition and decarbonization of industry.

Canada Pension Plan Investment Board and LMC, an affiliate of Lennar Corp, have formed a joint venture to develop multifamily residential communities in high-growth US metropolitan areas.

Manulife Investment Management has agreed to acquire a minority interest in Arch Capital, a real estate private equity firm focused on markets in the Asia-Pacific region.

BTG Pactual Timberland Investment Group and British Columbia Investment Management Corp have formed Caddo Sustainable Timberlands, a company focused on building exposure to southeastern US timberlands.

Brookfield Asset Management is considering spinning off its asset management unit at a valuation of $70 billion to $100 billion, according to a letter sent to shareholders, Reuters reported.

Fengate Asset Management and Ironclad Energy Ventures have launched a partnership to acquire and operate cogeneration, district energy and other industrial generation projects in the US and Canada.