The $78.6 billion pension plan will invest in a new internally managed fund of funds that will target emerging real estate markets such as Turkey and sub-Saharan Africa.
2 min read · 18 January 2013
The largest investors in the $4.7bn Morgan Stanley Real Estate Fund (MSREF) VII Global have notionally agreed to extend its investment period by 12 months in return for the cancellation of $700 million of capital commitments and a small reduction on various fees.
2 min read · 18 January 2013
Knock-out return for The California Public Employees’ Retirement System’s (CalPERS) from its original $500m commitment to GI Partners Fund I.
2 min read · 18 January 2013
In one of the most prestigious appointments in real estate consultancy, the board of the California Public Employees' Retirement System reaffirmed Pension Consulting Alliance as its principal real estate consultant following a competitive tender.
1 min read · 18 January 2013
Patrick Wu, a director in CIC’s real estate division, is slated to take the top job as incumbent Collin Lau enters a transitional period ahead of a switch to the $400 billion state fund’s private equity division.
3 min read · 18 January 2013
The New York-based fund manager has hit the fundraising trail with its latest US value-added fund. AREA will target commercial properties across the US.
1 min read · 18 January 2013
L’Établissement de Retraite Additionnelle de la Fonction Publique (ERAFP), which looks after the pension interests of 4.7 million French civil servants, could invest around 1 percent of its current annual inflow of €1.5 billion in the asset class each year.
2 min read · 18 January 2013
One of the highest profile figures in European private equity real estate is leaving German insurance company Gothaer for Austria’s largest real estate firm chaired by the country’s former prime minister.
3 min read · 18 January 2013
Deutsche Bank is conducting a strategic review of its €516bn global Asset Management group, which could lead to a sale of RREEF’s global real estate arm, DB Private Equity, and RREEF Infrastructure.
3 min read · 18 January 2013
The Canadian Pension Plan Investment Board said today its real estate assets now reflected 9.1% of its total C$152.3bn of assets.
2 min read · 18 January 2013
