The second largest US pension plan said returns for real estate during fiscal year 2011-2012 fell short of an industry benchmark and were down from a 17.5 percent return the previous year.
2 min read · 17 January 2013
Real estate scored the highest gains among the asset classes in the $233 billion pension plan’s investment portfolio, earning a nearly 16 percent return and exceeding its benchmark by 322 basis points.
3 min read · 17 January 2013
The $39.2 billion pension plan has agreed to grant staff the authority to redistribute up to $200 million in new real estate allocations for the fiscal year 2012-2013.
2 min read · 17 January 2013
The $37 billion pension plan is expanding its co-investment activity into real estate and is seeking a consultant to assist with the new initiative.
2 min read · 17 January 2013
Until now, most RMB-denominated real estate funds have involved a number of high-net-worth individuals backing domestic vehicles dedicated to particular properties. However, at PERE’s first conference in mainland China this week, there was talk of a change.
3 min read · 17 January 2013
The $12 billion pension system has agreed to contribute $35 million to Rockwood Capital Real Estate Partners IX.
2 min read · 17 January 2013
The Sunshine State has made its second real estate commitment of 2012 to the Boston-based private equity real estate firm’s current opportunistic fund – part of a larger push to invest up to $1 billion in real estate over the next three years.
2 min read · 17 January 2013
Senior portfolio manager Anne Simpson is expected to voice CalPERS’ support for the rule, which limits banks’ ability to participate in private equity and real estate funds.
2 min read · 17 January 2013
London–based Internos Real Investors has raised €75m from German institutional investors for the first close of its debut real estate investment fund. In so doing, the firm has evolved from a fund management consolidator to become a traditional private equity real estate firm.
3 min read · 17 January 2013
The LA-based global property investment management giant is well on its way to reaching the $750m capital raising target for its CBRE Strategic Partners US Value VI fund, according to a document by the San Diego City Employees' Retirement System.
1 min read · 17 January 2013
