The state pension giant, among the most active in the market with about $77bn in assets, has invested $1.3bn to five managers including Evergreen Real Estate, KSL, Vestar, Lone Star and Sheridan Production Partners.
2 min read · 24 January 2013
An inaugural study of fees charged by fund of funds managers in Europe has concluded they are ‘cost-effective’
2 min read · 24 January 2013
India’s largest private equity real estate business increases its assets under management to more than $3.2 billion after combining with Saffron. The firm will follow-up with the launch of a real estate and a private equity fund.
2 min read · 24 January 2013
Ohio Fire and Police commits to the $500m Savanna Real Estate Fund II as it targets office properties in NYC, DC and Boston areas. The firm recently closed on two distressed note sales in NYC, including 104 W. 40th St.
2 min read · 24 January 2013
The Chicago-based fund of funds has hired Michael Clarke as head of its European real estate operations, following 18 years at Schroders.
1 min read · 24 January 2013
The 25-member LP pool of Bank of America Merrill Lynch’s ill-fated Asian Real Estate Opportunities Fund, rubberstamped their approval of a settlement offered by the Wall Street bank at an investor meeting in Hong Kong last week.
2 min read · 24 January 2013
The London-listed investment management firm has been granted extra funds by existing Middle Eastern partners, and has acquired a distribution portfolio for £123m.
2 min read · 24 January 2013
Despite some fears that transactions in 2011 will be “tougher” to find than 2010, Blackstone expects deal flow to increase in the coming 12 months as banks earn their way to health and start dealing with their balance sheets.
2 min read · 24 January 2013
New York and the SEC unveiled suits against former Quadrangle chief Steven Rattner, who may face a lifetime securities ban in New York for his alleged role in pension pay-to-play.
2 min read · 24 January 2013
Tulane University’s $1bn endowment says the financial downturn has provided access to funds that would have been closed to the endowment pre-meltdown, as it looks to invest in up to 10 new PE and RE managers in the coming year.
2 min read · 24 January 2013
