Investors

Malaysia’s KWAP to double real estate AUM by 2025

In addition to expanding into non-core strategies, the investor is planning to increase its pool of real estate funds from five to 15 by 2025.

Three essential things to know about CalSTRS’ Mike DiRe

The following tidbits give a further glimpse into the character of one of the best-known investor names in private real estate.

Investors pivot from Asia to the West for higher returns

Hong Kong’s AIA, Malaysia’s KWAP and Employees Retirement System of Texas are among those looking to prioritize opportunities in the US.

Mike DiRe wants you to ‘challenge the way you invest’

CalSTRS’ head of private markets pushed for big changes during his 20-plus years at one of the world’s largest property investors. He is not done pushing yet.

VIDEO: INA’s Budiman expects 2024 to be an ‘exciting year’

Indonesia’s first and only sovereign wealth fund expects to expand its real estate allocation to 15% over the next five years.

VIDEO: QIA’s Chamdia sees higher rates as an ‘opportunity’

At the PERE Network Asia Summit, the sovereign fund’s global head of real estate said elevated rates had made the sector less competitive.

Flexing fund terms will have knock-on effects, say lawyers

Investors may be amenable to investment period extensions in today’s climate, but lengthening the fund term could have more serious implications.

ESR targets $5bn for Korea’s first open-end core logistics fund

The Hong Kong-based firm has received an initial commitment of more than $400m from an anchor investor in the fund.

Hodes Weill’s Hodes: 10% fund reserves are now ‘insufficient’

Most assets need an additional 15-20% in reserves to address refinancing issues, according to the advisory firm’s co-founder.