The $8.2bn Los Angeles City Employees’ Retirement System will invest 90% of its portfolio in closed-ended commingled funds, primarily with core and value-added managers.
2 min read · 24 January 2013
A Starwood Capital-led consortium is reportedly nearing a deal to receive $2.2bn in financing from Goldman Sachs for a bid to acquire bankrupt hotel chain Extended Stay.
2 min read · 24 January 2013
The placement agent has denied he 'gave, accepted and failed to disclose gifts' to senior pension executives, after being charged with allegedly 'attempting to bribe' CalPERS official Leon Shahinian.
2 min read · 24 January 2013
London and Geneva-based real estate fund manager Aerium has refinanced its debt on a Turkish retail portfolio with merchant bank Akbank.
1 min read · 24 January 2013
The 18-year servant of Schroder Property, who was responsible globally for its property products, has resigned to pursue other opportunities
1 min read · 24 January 2013
Property markets in the US have not corrected, despite the high prices gained in some recent landmark deals. However, fund managers are in danger of investing capital ‘out of sheer boredom of not doing deals’.
2 min read · 24 January 2013
The Canada Pension Plan Investment Board has acquired a 45% interest in the McGraw Hill building from SL Green for roughly $576m and acquired another 45% stake in the REIT’s recent purchase of 600 Lexington Avenue for approximately $87m.
2 min read · 24 January 2013
Qatar Holding, the direct investment division of the Qatar Investment Authority, has purchased the world famous Harrods store in London for £1.5 billion. The purchase is part of a wider strategy to aquire "prestigious top performing businesses".
1 min read · 24 January 2013
The EU Parliament’s Economic and Monetary Affairs Committee was scheduled to vote on a final version of the controversial AIFM Directive, but the vote was delayed one week for procedural reasons.
2 min read · 24 January 2013
The London-based private equity real estate firm has sold Hofgarten Palais to Germany’s Union Investment Real Estate
1 min read · 24 January 2013
