Prupim has announced a second Tesco portfolio purchase a day after it was revealed that the UK’s largest supermarket has sold £605m of property to real estate investors. The move is part of a sale-leaseback deal that will fund Tesco's expansion into the competitive Indian wholesale food market.
2 min read · 22 January 2013
The president of JER Partners, Michael Pralle, argues investing in private equity real estate funds could prove a good fit for Middle Eastern and Asian countries rich with petro-dollars. Private equity real estate, he said, provided a 'middle road' to funds wanting alternatives to direct investing and REITs.
2 min read · 22 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 22 January 2013
The US’s largest pension fund is to increase its infrastructure allocation to 3 percent, or $8.3 billion, over the next two years.
2 min read · 22 January 2013
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
2 min read · 22 January 2013
A report by PCA to the $234bn California pension fund has highlighted China and India as the most attractive emerging markets in which to invest. The pension will next week consider backing calls to allocate significantly more capital to emerging markets over the next decade.
2 min read · 22 January 2013
The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.
3 min read · 22 January 2013
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to private equity and real estate while launching a new ‘real asset’ allocation, which includes infrastructure.
2 min read · 22 January 2013
The $127bn pension fund saw its real estate investments return just 8.7% in the year to June 30, 2008 – against a benchmark of more than 10%. Despite its underperformance, real estate remained the strongest asset class for the pension during turbulent market conditions.
2 min read · 22 January 2013
The $2.7bn Fresno County Employees’ Retirement Association has increased its exposure to real estate and private equity while launching a new ‘real asset’ allocation, which includes infrastructure.
1 min read · 22 January 2013
