Pension Fund

The British Columbia pension investor has converted a debt investment in the operating company into an equity stake.

Whether it’s taxation or housing, the industry see pluses and minuses in both candidates, but the threat of delayed decision looms large.

Karsten Kallevig, the executive who served in the position for a decade, has been appointed a special advisor while his previous job will not be filled.

By domiciling the fund in Luxembourg, the US-based firm raised all of the equity for the first close of its second commingled vehicle from the region.

While the inability to conduct due diligence remains investors’ top concern, managers are playing a bigger role than ever to mitigate the risk and find the right strategies for them

Capital providers are seeing writedowns in their portfolios and accepting that valuations and underlying assumptions will vary during this uncertain time.

The industrial real estate heavyweight plans to grow the Japan-focused fund’s AUM from $2.6bn to more than $10bn in the next several years.

London-based Verdion Properties raised €137m for European Property Fund I, its debut commingled fund, to make value-add/core-plus investments.

The pension fund made $3bn of non-fund commitments to the asset class last year as it continues to see outperformance in its principal investment portfolio.

Investing in operating companies is one of the ‘collaborative model’ strategies that the US pension giant hopes will help to cut costs, especially during the current disruption.