Travelers-Tishman Speyer venture closes with over $800M in capital. (Travelers Insurance Company; Tishman Speyer Properties)

The Travelers Insurance Company, a unit of Travelers Group (NYSE:TRV), and Tishman Speyer Properties, a leading worldwide real estate owner, developer and manager, have announced the closing of their joint real estate venture - with initial equity of $800 million - $200 million more than the amount the companies originally projected.

The equity committed by Travelers and Tishman Speyer represents the largest to date for a private venture of this kind investing in real estate opportunities, and all of the new real estate development and investment activities of Tishman Speyer…