INREV is overhauling its definitions of core, value-added and opportunity funds after finding that measuring internal rates of return as well as leverage is not the best way to classify them.
2 min read · 22 January 2013
The state’s legislature has increased the Florida State Board of Administration’s allowable allocation to private equity and venture capital from 5 percent to 10 percent. The pension fund is also launching an infrastructure platform.
1 min read · 22 January 2013
Limited partners are starting to reduce the number of relationships with fund managers. And as investors start shedding the pounds, private equity real estate secondaries are getting ready to pick up the slack. By Zoe Hughes
5 min read · 22 January 2013
Ex-AIG hotels head Keith Lindsay has joined Central Eastern European developer and asset manager Orco to run its hospitality division.
6 min read · 22 January 2013
Respondents to a recent survey also said sovereign funds’ long-term strategy makes them more appealing than other LPs.
2 min read · 22 January 2013
The $82bn Washington State Investment Board, known for its bullish stance on alternatives, had a minus two percent first quarter return on its private equity portfolio, while real estate underperformed against its benchmark. Executive Director Joseph Dear says ‘we’re in this asset class to stay’.
2 min read · 22 January 2013
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt.
2 min read · 22 January 2013
Alternative assets managed by the world’s top 99 investment managers on behalf of pension funds grew by 40 percent over the past year, according to consulting firm Watson Wyatt. Real estate managers occupied the top nine positions, managing 62 percent of pension fund assets.
2 min read · 22 January 2013
The Dallas-based business is in the middle of building a pan-European portfolio of hotels for a fund that has now deployed 50 percent of its capital.
1 min read · 22 January 2013
The New York Common Retirement Fund, the third largest in the US, has made public recent commitments to CVC Capital Partners’s recently closed mega-fund and Leichtman Capital Partners mid-market fund, which is targeting $1bn.
1 min read · 22 January 2013
