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Kaye Scholer Represents Real Estate Investment Arm of Caisse de dépôt et placement du Qué…

February 29, 2012

Kaye Scholer Represents Real Estate Investment Arm of Caisse de dépôt et placement du Québec on a Commitment in Blackstone Real Estate Fund

Kaye Scholer advised Ivanhoe Cambridge, the real estate investment group of Caisse de dépôt et placement du Québec, a global investor and one of the largest institutional fund managers in Canada and North America, on a commitment in Blackstone Real Estate Partners VII. L.P. In addition to negotiating a detailed side letter to address many issues that are important to non-U.S. government pension funds, various parallel investment vehicles were created in order to maximize the tax benefits to our client in investing in a fund that will own various types of real estate assets. Partners Jeff Scheine, Timothy Spangler, Ken Mason, Counsel Patrick Michel and Associate Susan Rhee assisted in this transaction.

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