The number of funds targeting less than $1 billion of equity commitments has increased by almost one fifth to 128 in the first quarter of this year, with managers’ focus firmly pointed towards Asian real estate, according to research by New York-based fund of funds Clerestory Capital Partners.
2 min read · 22 January 2013
CITIC CapitalLand Business Park Fund has closed on $72.5m, having raised money from domestic Chinese institutional investors. It is the first private equity real estate fund to be denominated in Yuan.
1 min read · 22 January 2013
Private equity firms must better voice the benefit of their activities to pensioners in order to combat assaults by unions, such as the US’ SEIU, New Mountain Capital managing director Michael Flaherman told the PEI Investor Relations and Communications Forum in New York today.
2 min read · 22 January 2013
The California pension saw its alternative investment program return 5.3 percent, while public equities languished. Real estate investments returned 1.6 percent for the pension.
2 min read · 22 January 2013
Speaking at the PERE Forum: Europe 2008 Nori Gerardo Lietz, chief strategist of Partners Group, warned that investors want a choice about where to deploy their capital and that it could come at the expense of global real estate vehicles.
2 min read · 22 January 2013
The private equity firm’s latest global buyout fund, targeting an estimated $20bn, now reportedly counts China’s State Administration of Foreign Exchange as a substantial investor.
2 min read · 22 January 2013
Asda, the British supermarket chain owned by Wal-Mart, is set to sell industrial property developer Gazeley for more than £300m in a bid to focus on its core business.
1 min read · 22 January 2013
Following its real estate and private equity target increases early this year, the $38 billion Maryland State Retirement and Pension System has made commitments to three funds.
1 min read · 22 January 2013
The US’ second largest public pension fund is considering allocating $1 billion to the growing asset class with California’s infrastructure needs to be given preference.
2 min read · 22 January 2013
The private equity real estate firm hires former DTZ executive to capitalize on the growing secondaries and fund of funds market in Europe.
1 min read · 22 January 2013
