The US state’s $63bn pension, which has not made a commitment since 2008, currently has a 7% private equity target.
1 min read · 24 January 2013
The Wall Street Bank has relocated senior real estate executives to new offices in Frankfurt and Paris in a bid to better manage existing assets and locate investment opportunities in the region.
1 min read · 24 January 2013
The initiatives are among several – including support of a state bill forcing placement agents to register as lobbyists – designed to ‘restore confidence, integrity and accountability’.
3 min read · 24 January 2013
Leading charity UNICEF has been in the frontline of helping children cope with the flooding in Pakistan. Find out how, by supporting the groundbreaking Marathon of Marathons, you can offer a lifeline to those in desperate need
3 min read · 24 January 2013
Australia’s Macquarie Group is to increase its real estate capital raising capabilities through the takeover of Presidio Partners, the San Francisco and Chicago-based advisory practice. The transaction is expected to close in the fourth quarter this year.
2 min read · 24 January 2013
Chicago-based Harrison Street has brought its fundraising total for its latest private equity real estate fund to $330m. The education, healthcare and storage real estate-focussed firm has held a second close and is hoping to corral a total of $500m for the vehicle.
1 min read · 24 January 2013
Investors eyeing the US should not expect outsized performance in the asset class, amid warnings a lackluster jobs market will dampen the country’s overall economic recovery.
2 min read · 24 January 2013
The European team in charge of Bank of America Merrill Lynch’s European private equity real estate platform has bought out its GP interests and has launched new shop, Peakside Capital.
2 min read · 24 January 2013
The $34bn public pension plan admits it is ‘not at all optimistic’ about the short-term future of real estate equity deals as it looks to separate accounts targeting new debt originations with LTVs of between 50% and 75%.
2 min read · 24 January 2013
The $27.4bn endowment will keep eyeing secondaries sales and acquisitions, after reporting a 2.7% real estate loss in the past year. Real estate, though, would be one of the 'most interesting' opportunities over the next few years.
2 min read · 24 January 2013
