The National Pension Service of Korea, the $270 billion pension fund, reportedly informed Dow Jones it was to commit $400m to a separate account mandate awarded to Pramerica Real Estate Investors. PERE revealed the appointment last month.
1 min read · 24 January 2013
New Mexico’s $14bn oil and gas endowment, a long-time investor in private equity, hasn’t made a commitment since early 2009. SIC wants to commit to six funds over the next 12 months.
2 min read · 24 January 2013
The firm will reportedly pay $200m for a 40% stake in Sao Paulo-based Patria Investments, with which Blackstone has had a strategic alliance since 2004.
1 min read · 24 January 2013
LIDIS, the Sydney-based real estate investment firm, is to kick off fundraising on its sixth private equity real estate fund, aiming to corral $400 million for investments in Sydney and Brisbane.
2 min read · 24 January 2013
Pramerica Real Estate Investors announced today it had sold its 80 percent stake in Hong Kong skyscraper PCCW Tower. The firm was thought to have been seeking an exit since 2008 but has now managed to garner “double digit” returns through a reported HK$3.2 billion sale to Swire Properties.
2 min read · 24 January 2013
The LP-focused industry group plans to issue guidelines for capital calls, distribution notices and portfolio company quarterly reports.
1 min read · 24 January 2013
In the build–up to the Marathon of Marathons on 31 Oct, we talk to some of those taking part. Here, Bjorn Tremmerie, a principal at the European Investment Fund, reveals his injury setback, talks of his determination to achieve a top-quartile finish – and reaches for a tulip bulb analogy
5 min read · 24 January 2013
Denver-based hotel and leisure investment firm KSL Capital Partners has hit the fundraising trail on its third fund, KSL Capital Partners III, for which it is aiming to attract $1.5bn in capital commitments.
1 min read · 24 January 2013
Veteran European fundraiser Elizabeth O’Reilly has left the French firm for KKR, as the listed giant continues to strengthen its IR team.
1 min read · 24 January 2013
Carlyle’s real estate fund invests equity alongside its buyout fund for the €480m purchase of B&B Hotel Group
2 min read · 24 January 2013
