ING raises $205m for development ventures.ING Clarion announced that ING Clarion Development Ventures II (CDV (1) (Compressed Digital Video) The compression of full-motion video for high-speed, economical transmission. (2) (CD Video) A small videodisc (5" diameter) that provides five minutes of video with digital sound plus an additional 20 minutes II), the second of the firm's opportunistic, commingled funds Commingled Fund A type of mutual fund consisting of assets from several accounts that are blended together. Sometimes called a "pooled fund." Notes: They are "commingled" to reduce the costs of managing them separately. , has closed with total commitments of $205 million in investment capital. CDV II will invest in a range of property types, including multifamily, industrial, retail, office, and mixed use through new development and the repositioning repositioning Laparoscopic surgery The changing of a Pt's position during a procedure to improve access or visualization of the operative field, which may be linked to complications, as it changes anatomic planes of operation. Cf Laparoscopic surgery. of existing projects. The fund will either invest through joint venture partnerships or assume a 100 percent ownership position. ING Clarion launched its initial opportunistic closed-end fund Closed-end fund An investment company that issues shares like any other corporation and usually does not redeem its shares. A publicly traded fund sold on stock exchanges or over the counter that may trade above or below its net asset value. Related: Open-end fund. , Clarion Development Ventures I, in 1999. Doug Bowen, a managing director at the firm and the portfolio manager for CDV I, will also serve as portfolio manager for CDV II. |
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