CalPERS’s purchase of a major stake in real estate investment advisor Bentall Kennedy will provide the largest pension fund in the US with an inside knowledge of the investment management business.
3 min read · 17 January 2013
A Bussum, Netherlands-based institutional investor advisory practice launched in September last year has won its first major portfolio management mandate from one of Deutsche Post’s Dutch subsidiaries. The mandate was relinquished by Cordares following its merger with APG.
2 min read · 17 January 2013
The $19.5 billion pension fund has decided to pull its $100 million commitment to H/2 Capital’s core debt fund after the two parties failed to reach an agreement on contract terms.
2 min read · 17 January 2013
The Boston-based fund manager beat out rival Heitman to take over a portfolio of 17 core US properties owned by the $26 billion state pension plan. The portfolio previously was managed by BlackRock.
2 min read · 17 January 2013
The endowment’s $75 million allocation to The Blackstone Group is the initial capital outlay of approximately $225 million in non-core commitments that the state is expected to make this year.
3 min read · 17 January 2013
In a commentary today on the defensive value of real estate, CBRE’s chief EMEA economist, Peter Damesik, argues that even in the most extreme circumstances, it is unlikely investors would experience a total loss if they buy an office occupied by a bank, making it better than owning shares in the banks themselves.
3 min read · 17 January 2013
The $218 billion state pension system has invested $100 million in the North American real estate advisor, making it a one-third owner of the firm.
2 min read · 17 January 2013
Dallas-based LP Analyst will provide limited partners with a variety of consulting services focused on fund monitoring and portfolio evaluation. The firm will work with investors in private equity, real estate and distressed debt, among other asset classes.
2 min read · 17 January 2013
The $627bn sovereign wealth fund has merged its Real Estate Department and Infrastructure Department as it seeks to streamline functions.
2 min read · 17 January 2013
A Baltimore-based investment firm has raised $180 million to invest in wetlands restoration, a niche strategy that combines conservation with mid-teen return expectations.
4 min read · 17 January 2013
