The Teacher Retirement System of Texas is set to commit up to $2bn in capital to real estate in an effort to close the 6% gap between its actual and target allocations.
2 min read · 21 January 2013
The placement agent, co-founded by AVP executives Vicky Schiff and Peter Borges, paid ‘consulting’ fees to the firm run by Henry Morris. Morris is now under investigation as part of the growing kick-back scandal involving the New York State Common Retirement Fund.
2 min read · 21 January 2013
The INREV forum ended today in Athens telling GPs they face some uncomfortable choices.
3 min read · 21 January 2013
The Abu Dhabi investment fund’s annual report reveals it has written down its 7.5% stake in Carlyle’s management company, which would value the private equity firm at roughly $12.7bn.
1 min read · 21 January 2013
The World Bank’s private investment arm aims to structure a public private partnership, which will modernise and upgrade the Prince Mohammed bin Abdulaziz International Airport.
1 min read · 21 January 2013
Chen Fan has left the bank's private equity arm to ‘pursue his own interests', Fan had been involved in the bank's investments in Chinese property developers Sino Ocean Real Estate Development, Shimao Property Holdings and Greentown China Holdings.
1 min read · 21 January 2013
The pension, with assets of $16bn as of 30 June 2008, made more than $300m of commitments in the past month, including to a debt fund from Mesa West Capital. The Mesa West fund, which is reportedly targeting up to $500m, is expected to close in the coming months, sources say.
1 min read · 21 January 2013
Chetan Dave will take on the mantle of senior advisor at the Mumbai-based joint venture between Sun and AREA Property Partners. Managing director Prakash Kalothia will take his place.
1 min read · 21 January 2013
The Canadian pension fund lost 25% of its value last year leaving it with just C$120bn in assets compared to C$155bn in 2007. Private equity and real estate investments lost 31% and 22% respectively, with Caisse warning its Lone Star investments had performed poorly.
2 min read · 21 January 2013
The state’s comptroller, Thomas DiNapoli, has banned the use of placement agents in investments with the $122bn pension, and has launched a review of pension investments with firms involved in the New York Common kick-back scandal.
3 min read · 21 January 2013
