With its real estate allocation currently over target and returns in the year to June just 4.9 percent against a benchmark of 10.8 percent, the $15.7bn US pension says plans to commit $100m to the asset class over the next nine months will be put on hold.
2 min read · 22 January 2013
The largest commercial property lender in Germany and one of the largest in Europe is merging its European structured finance team, likely to lead to 10 job losses.
1 min read · 22 January 2013
The Chicago-based private equity real estate firm has joined forces with former EOP executive Mark Scully to help expand the firm’s retail/mixed-used platform in Colorado.
1 min read · 22 January 2013
The Los Angeles ‘full service’ real estate firm will leverage its close relationships with banks to target property buying opportunities. The fund will focus on the US West Coast, Hawaii and Japan. Kennedy Wilson's last fund raised just $150m.
2 min read · 22 January 2013
Ashok Ramaswami will lead a newly hired team as the Dubai-based private equity firm deploys its first India-focused fund of funds, which makes private equity, real estate and infrastructure investments.
1 min read · 22 January 2013
The size of the infrastructure opportunity is almost unfathomable. It is screaming out for private investors.
2 min read · 22 January 2013
Blackstone infrastructure co-head Trent Vichie and Chris Leslie, CEO of Macquarie Infrastructure Partners, say only a fraction of what's needed for infrastructure investment worlwide has been raised by private funds. Meanwhile CVC’s infrastructure chief, Stephen Vineburg, also speaking at PEI’s Infrastructure Forum in New York, said infrastructure investing has reached a third stage in development.
2 min read · 22 January 2013
Sohil Chand, formerly with Goldman's Asian special situations team, will be responsible for making growth equity investments in Indian companies.
2 min read · 22 January 2013
Some US officials are pushing for the introduction of public private partnerships to create permanent funding sources for transportation projects. California, New Mexico and Texas are among the states that say they need private funds.
3 min read · 22 January 2013
In light of Duke Street’s recent run in with the UK Pensions Regulator, buyout firms face the prospect of being forced to make up pension shortfalls, write Richard Garvan and Andrew Patten.
3 min read · 22 January 2013
