The $34 billion Pennsylvania State Employees’ Retirement System announces four new private equity and real estate commitments. The pension plan, which represents more than 215,000 members, has now reached its target allocation for the two asset classes.
1 min read · 22 January 2013
Public-private partnerships can produce ‘miracles’ in a state that needs more than $500bn in infrastructure investments, California’s celebrity governor said at the Milken Institute’s conference.
2 min read · 22 January 2013
Fred Buenrostro has confirmed he will end his six-year reign at the US' largest public pension, which is also losing its CIO, Russell Read.
2 min read · 22 January 2013
The challenges of running sophisticated alternative investment platforms beneath government umbrellas – from retaining talent to enduring criticism over private equity allocations – were among topics broached today by a panel of heavy-hitting LPs.
2 min read · 22 January 2013
The outlook for the US commercial real estate market is generally sound despite the credit crisis, according to a report by real estate management firm, ING Clarion. However ING warns the office sector will be hit over the next two years before recovering strongly in 2010-2011.
2 min read · 22 January 2013
The real estate investment and development firm plans large-scale expansion of its Brazilian logistics activities over the next three years as part of a joint venture with CalPERS.
1 min read · 22 January 2013
The firm’s global regulatory affairs head, David Marchick, warned a Senate committee today against unnecessary investment protectionism, using Carlyle’s stake sales to CalPERS and Abu Dhabi as examples of government-affiliated investments that bolster US companies.
2 min read · 22 January 2013
Russell Read looks to become an environmental rainmaker after a two-year stint at the $244bn US pension.
2 min read · 22 January 2013
Eastern and Central European countries with programs encouraging public-private partnerships are more likely to obtain infrastructure investments than their Western European neighbours, a study finds.
2 min read · 22 January 2013
The state’s retirement system has committed to six alternative investment funds, weeks after increasing its alternatives allocation to 10 percent.
1 min read · 22 January 2013
