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
The Kingdom of Bahrain has completed a milestone social housing public-private partnership, said to be the first of its kind in the Middle East. The deal involves local developer Naseej and a financial close is anticipated early in the second quarter.
2 min read · 17 January 2013
Some improbable events took place in 2011. In our final newsletter of the year, we take a completely unscientific approach to weighing up the probability of certain other significant developments happening in 2012.
3 min read · 18 January 2013
The $78.6 billion pension plan will invest in a new internally managed fund of funds that will target emerging real estate markets such as Turkey and sub-Saharan Africa.
2 min read · 18 January 2013
Long-serving director Doug Callantine is making way for incoming joint chief executive officers Andrew Galbraith and Alexia Gottschalch. The switchover starts on Monday.
2 min read · 18 January 2013
Dubai-based investment bank SHUAA Capital has stopped investing from its two private equity funds but says it will stick with its land-buying hospitality fund.
2 min read · 18 January 2013
The investment arm of the Dubai government has teamed up with the Toronto and New York-based asset manager to launch the first investment fund to target Dubai real estate.
2 min read · 18 January 2013
The London based firm’s fund management arm has launched a partnership with the Kuwait Finance House to invest in the acquisition and development of healthcare properties in the US.
2 min read · 18 January 2013
