The $80.4 billion pension plan has approved equity commitments to Principal Enterprise Capital and Aevitas Property Partners to help expand its investments in private real estate operating companies.
2 min read · 17 January 2013
Peakside Capital’s €261m European real estate opportunity fund, inherited as part of its spin out from Bank of America Merrill Lynch Global Principal Investments, is closer to being fully invested following the acquisition of the German headquarters building of chemical group Solvay.
2 min read · 17 January 2013
Increased construction, a growing economy and the impending closing of two funds focused on investments in Turkey point to a possible increased investor appetite within the market. However, it still has a long way to go before being the next Brazil.
3 min read · 17 January 2013
The Istanbul-based investment firm has placed an unoccupied palace and two student housing developments in Turkey into its first opportunistic real estate fund.
3 min read · 17 January 2013
The Bahrain-based investment firm, which invests in private equity and real estate, filed for Chapter 11 bankruptcy protection with the US Bankruptcy Court for the Southern District of New York after failing to refinance a $1.1 billion credit facility.
2 min read · 17 January 2013
Luxembourg-domiciled Aeriance, which is sponsored by a Kuwaiti sovereign wealth fund, has revealed at MIPIM that it plans to bring to market a €500 million-plus senior debt fund.
2 min read · 17 January 2013
Gerardine Davies, formerly of Aegon Asset Management, joins BNP Real Estate as UK head of investment management as the €12 billion platform looks to expand its international reach.
2 min read · 17 January 2013
Since taking the helm at CalPERS in early 2009, CIO Joseph Dear has made it clear he considers private equity a crucial part of its investment strategy. But things haven’t been business as usual: he’s taken fund managers to task over alignment of interest, led an overhaul of the pension’s allocation model, sorted out the aftermath of a ‘pay-to-play’ scandal and hired a veteran private equity chief. Amanda Janis stops by Dear’s office in Sacramento to learn how CalPERS continues to find value in private equity
10 min read · 17 January 2013
Real estate principal Joe Gagnon is among nine appointed managing director at the global private equity firm.
1 min read · 17 January 2013
A Luxembourg-domiciled company sponsored by Aerium and a Kuwaiti sovereign wealth fund has launched a debt fund to provide bridging loans for residential property transactions in high-end London locations.
2 min read · 17 January 2013
