Mansco Perry, the chief investment officer of the Maryland State Retirement Agency, says the pension system views real estate as a long-term asset class, still wants real estate fund managers … but wants fees to come down. By Robin Marriott
3 min read · 21 January 2013
The West coast debt shop is set to acquire Lehman Brothers Real Estate Mezzanine Partners I and II following 'many months' of negotiations. PCCP will open an office in New York to help deal with the fund workouts.
2 min read · 21 January 2013
The departure of TCW’s chief investment officer Jeffrey Gundlach has triggered a key man clause in its PPIP fund, according to the US Treasury.
2 min read · 21 January 2013
Profound Property Group, a Perth-based advisory and fund business formed by ex-Investec executives, is raising its debut vehicle. The firm is eyeing preferred equity infusions in projects in Perth and across Western Australia.
2 min read · 21 January 2013
The New York-based alternative investment firm’s Asian fund debut is to target up to $800m of equity from investors ahead of a final close in the first half of 2010, PERE has learnt
1 min read · 21 January 2013
The Los Angeles-based firm has raised $454m for Fund III and will target affordable homebuilding and distressed opportunities in Brazil, Peru, Mexico and Chile.
1 min read · 21 January 2013
Blake Hutcheson will become CEO of Oxford Properties Group, the C$12bn real estate arm of the Ontario Municipal Employees Retirement System, in February. Hutcheson joins the pension directly from 18-month spell at private equity firm Mount Kellett.
3 min read · 21 January 2013
The Sydney-based developer and fund manager is reportedly expected to announce this week the launch of Lend Lease Real Estate Partners No 3 Fund.
1 min read · 21 January 2013
A survey by the European industry body, INREV, revealed funds of funds managers invested just €75m in the first nine months of 2009 – down from €2.2bn in 2007. Secondaries, though, will be more important in 2010.
2 min read · 21 January 2013
The global head of ING’s multi-manager business is leaving at the end of the year
2 min read · 21 January 2013
