Despite a greater shift toward core investments, investors said they were leaving the door open for opportunistic strategies in real estate, albeit with less of an appetite for leverage.
2 min read · 17 January 2013
The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
2 min read · 17 January 2013
The former director in TIAA-CREF's global social and community investments group is now in charge of the $24.7 billion state pension plan’s $1.3 billion real estate investment portfolio.
1 min read · 17 January 2013
The indictment of Detroit's former treasurer has revealed an alleged pension pay-to-play scheme, in which several private equity real estate managers, consultants and small-scale buyout firms are accused of providing bribes in exchange for business with two of the city’s municipal pension systems.
3 min read · 17 January 2013
The revolving door of private equity leaders at US public pensions continues to spin as Steve LeBlanc, one of the most influential LPs in the market, has decided to head to the private sector.
2 min read · 17 January 2013
The New York-based real estate investment firm is in contract to sell a San Francisco office tower to the State Teachers Retirement System of Ohio for $238 million.
2 min read · 17 January 2013
The $320 billion pension fund has indicated it will open an office in London in June. The pension service, which has invested heavily in real estate of late, only has one other office outside of Korea in New York.
2 min read · 17 January 2013
Christine Pastore, who headed up the $70bn system’s real estate investment programme, will leave a legacy of strong GP relationships, including an innovative partnership with Blackstone.
4 min read · 17 January 2013
The $15 billion pension system has agreed to pledge $25 million to Fortress Japan Opportunity Fund II. This contribution follows the Ohio Police & Fire Pension Fund committing up to $30 million to the opportunistic vehicle.
2 min read · 17 January 2013
The $14.6 billion pension system has agreed to pledge $50 million to Walton Street Real Estate Fund VII.
1 min read · 17 January 2013
