The Simsbury, Connecticut-based firm is targeting $750m for its latest real estate fund – the largest dedicated secondaries real estate vehicle ever. It comes amid a massive rise in LP demand for liquidity.
1 min read · 22 January 2013
The $37bn university endowment will make substantial cutbacks to its private equity portfolio, which one secondary investor calls a 'sophisticated' move to sell before other LPs do the same.
1 min read · 22 January 2013
The $147bn US pension will decide today whether it will respond to the denominator effect by increasing the amount it is allowed to invest in real estate to 17% of total assets.
3 min read · 22 January 2013
The private equity real estate firm – which last year took on former CalPERS Real Estate head Mike McCook as advisor – has resolved an argument with the activist shareholder of its publicly-listed fund. Trikona says opportunities in Indian real estate are to be found in ‘deep value’ not distress.
2 min read · 22 January 2013
As limited partners open up their real estate allocations to the emerging markets, developing countries in Asia are at the top of the list, with China and India of particular interest. By Eva Poon
9 min read · 22 January 2013
At the same time that top jobs disappear at large investment banks and property lenders, private equity real estate firms are turning to the sector for talented dealmakers.
6 min read · 22 January 2013
Aviva Investors' rebranding – with its recent hire of Steve Felix – is the latest example of large insurance companies expanding their investment management business.
4 min read · 22 January 2013
Real estate was the only asset class to make a positive return for the $29.5bn pension fund, however allocations to private equity real estate have now topped 10.5% against a target of 8%.
2 min read · 22 January 2013
Jay Fewel, OPERF senior investment officer, said over-allocation and the burden of re-upping with existing GPs will leave little money for any group that doesn’t already have an established relationship with the $54.4bn pension.
2 min read · 22 January 2013
The investment firm has acquired a majority stake in the Dubai-based business and intends to expand it regionally.
1 min read · 22 January 2013
