The pension fund with 61,000 members has picked CBRE out of a beauty parade to become investment advisor for its direct property portfolio.
2 min read · 17 January 2013
The Texas pension system has committed €85 million to Aberdeen to invest in European real estate funds, with the firm’s property multi-manager team seeking value-added and opportunistic strategies.
2 min read · 17 January 2013
A year on from launching the style classifications, INREV has revised the definition of a ‘core’ fund after some concerns from members.
2 min read · 17 January 2013
The $288 billion National Pension Service of Korea is poised to commit $300m to Blackstone’s latest opportunity fund as part of a strategy to increase its exposure to higher return investments. A beauty parade to select two more opportunity funds is expected to follow.
2 min read · 17 January 2013
The Rohatyn Group has acquired a 60% stake in mid-market infrastructure private equity firm CapAsia, which focuses solely on non-BRIC emerging Asia. CapAsia has over $400m of assets under management.
2 min read · 17 January 2013
The $35 billion pension system has committed the exact amount for which the Greenwich, Connecticut-based firm is offering fee breaks on its latest fund, which recently held a first close on $1.2 billion.
1 min read · 17 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 17 January 2013
After seeing initial success with the pilot edition of its real estate emerging manager programme, the $110 billion pension plan is now seeking participants for the $500 million effort.
2 min read · 17 January 2013
The A$73 billion Australian state fund has reported two consecutive dips in the value of its real estate portfolio, although it insists it remains committed to building out is ‘tangible assets’, which include real estate, to represent 15 percent of its entire assets.
2 min read · 17 January 2013
In a paper sent to clients last month and seen by PERE, global firm RREEF Real Estate says history has shown that events, such as those currently seen in Europe, provide opportune moments to achieve outsized performance by investing in opportunistic investments.
3 min read · 17 January 2013
