The proceeds comprise $408m of initial commitments the firm has raised for its Mexican infrastructure fund, which was formally launched today. Macquarie has structured the fund as two separate trusts in order to facilitate the participation of the seven Mexican pensions.
2 min read · 24 January 2013
The Cayman Island’s loss will be Luxembourg’s gain if the EU’s AIFM Directive passes as written.
2 min read · 24 January 2013
The private equity real estate arm of BNY Mellon has teamed up with developer Moore & Associates to buy the 500,000 sq. ft. building, Station Square.
1 min read · 24 January 2013
The Government of Singapore Investment Corporation has reportedly booked a loss on equity and debt positions taken when Tishman Speyer and BlackRock bought New York City’s Stuyvesant Town and Peter Cooper Village in 2006.
2 min read · 24 January 2013
Glenmont Capital founding partner Larry Kestin expects lenders to get more realistic over prices in 2010. The firm recently acquired a Florida hotel from a bank after the borrower filed for bankruptcy.
2 min read · 24 January 2013
The latest study by INREV, the European body for unlisted funds, suggests fees are more likely to be charged on realised returns, rather than unrealised returns based on valuations
2 min read · 24 January 2013
Mark Wiseman has been promoted to a newly-created position of investments executive vice president at the Canadian pension, in charge of real estate, private and public investments.
2 min read · 24 January 2013
The pension has investments in its pipeline that could bring its total commitments to the asset class to $1bn or more by early 2010. CalPERS has already invested $700m to the asset class.
2 min read · 24 January 2013
Veteran CalPERS board member Charles Valdes is not running for re-election, and will be replaced by the pension's real estate investment officer Joseph Jelincic. Jelincic received 51% of the votes in a run-off election.
2 min read · 24 January 2013
A PPIP fund raised by The TCW Group has been withdrawn following the departure of the firm’s chief investment officer Jeffrey Gundlach, which triggered a key-man clause. Investors can transfer investments to other public-private investment programme managers.
2 min read · 24 January 2013
