Investors

‘Unbelievably painful’

Quadrangle’s Rattner speaks out about the pay-to-play scandal.

Future Fund RE allocation rises 1.2% in six months, further increases to come

Australia’s A$69bn Future Fund has continued to grow its real estate exposure, reporting increased assets of 1.2 percent to A$3.4 billion from the six months to 30 September. According to the fund’s annual report released today further increases to real estate and other “tangibles” are planned.

PERE Forum: ‘If you act like sheep, expect to get fleeced’

The fifth annual PERE conference concluded today with calls for LPs to turn against the flow of capital to core, amid concerns the sector is becoming as risky as value-added and opportunistic strategies. We present other notable quotables from the New York event.

PERE Forum: LPs urged to stand up and be counted

Speaking at the annual PERE Forum in New York, Mark Burton said LPs have to staff advisory committees with people willing to 'speak out' if the opportunity fund model is to work.

Apollo, CVC agree £888m take-private

After initially approaching Brit Insurance in June, Apollo has agreed a takeover deal with the board of the company by joining forces with CVC.

Barrack: Co-investment seen as 'best' model

Speaking at the PERE Forum in New York, the Colony chairman said that, for some larger investors, cutting out the capital allocators and investing via co-investment structures will be the vehicle of choice for the near future.

CPPIB makes first investment in DC

The pension fund has acquired a 45% stake in two Vornado office properties for $91m. The Canadian plan is increasingly targeting direct, core deals as it eyes major US cities.

CalPERS wins fee break from CIM Group

The $218 billion pension giant won a fee break from CIM Group, a real estate manager with ties to Alfred Villalobos.

CalPERS considers $175m to Wellspring

Wellspring Capital Partners’ fifth buyout fund is targeting $1.3bn for US mid-market investments and is expected to close this month.

CalPERS charts steady rise of infra funds

The pension disclosed that it has screened 77 investment proposals in 2010 for infrastructure, the most of any year since creating its inflation-linked investment programme in 2007.