The $30.5bn Los Angeles County Employees Retirement Association will wait to make investments in the asset class because infrastructure is still too 'under-developed'.
2 min read · 24 January 2013
Why limited partner capital could be finding its way into the wrong funds.
2 min read · 24 January 2013
Against a recent fad of country- and sector-specific funds, Glenn Uren, managing director at New York-based Franklin Templeton Real Estate Advisors, underlines the importance of pan-continent real estate investment funds in Asia.
2 min read · 24 January 2013
Extended Stay’s board has backed Starwood, TPG and Five Mile's offer, saying it would value the bankrupt company at $3.9bn. Starwood will invest 50% of the new equity, with TPG and Five Mile splitting the remainder.
2 min read · 24 January 2013
The university’s endowment lost $5.6bn in 2009, a loss driven in part by heavy write downs in its private equity and real asset classes.
1 min read · 24 January 2013
New York-based Westbrook Partners has purchased a two-thirds stake in three luxury hotels from mixed-use development firm Millennium Partners. According to a report by the Wall Street Journal, the deal will mean San Francisco’s Four Seasons hotel can avoid foreclosure.
2 min read · 24 January 2013
The large European property company best known for prime urban mall development, management and ownership, is considering raising capital from institutional investors for a private equity-style vehicle.
2 min read · 24 January 2013
The European and Asia private equity real estate firm has hired Christian Schulte Eistrup as head of capital markets.
1 min read · 24 January 2013
British life companies and pension funds will increasingly eye direct real estate investments inside the UK, but when it comes to overseas investments non-listed property funds will be key.
2 min read · 24 January 2013
The pension is also planning on making $400m of direct investments in infrastructure in 2010 as it further builds up a team to make such investments, according to a presentation prepared for the investment committee of the $205.8bn pension.
2 min read · 24 January 2013
