The placement agent, co-founded by AVP executives Vicky Schiff and Peter Borges, paid ‘consulting’ fees to the firm run by Henry Morris. Morris is now under investigation as part of the growing kick-back scandal involving the New York State Common Retirement Fund.
2 min read · 21 January 2013
The European Association for Investors in Non-Listed Real Estate Vehicles, has made three new appointments to its management board, as one of the existing founders, Morgan Stanley’s Jan-Willem de Geus, relocates to Singapore.
1 min read · 21 January 2013
Daniel Cummings, formerly of The Carlyle Group and LaSalle Investment Management, will reportedly take over as managing director of real estate investment for Harvard University’s endowment. The position has been vacant since 2007.
2 min read · 21 January 2013
Private equity real estate firm Paladin Realty Partners has partnered with a Brazilian developer to develop up to 3,000 affordable housing units.
1 min read · 21 January 2013
The Abu Dhabi investment fund’s annual report reveals it has written down its 7.5% stake in Carlyle’s management company, which would value the private equity firm at roughly $12.7bn.
1 min read · 21 January 2013
Citi Property Investors, which is headquartered in New York, has promoted its India head, Ravi Hansoty, to lead its Asian platform on an interim basis. According to those close to the matter, Hansoty is expected to land the position full time by the end of the year.
1 min read · 21 January 2013
The pension, with assets of $16bn as of 30 June 2008, made more than $300m of commitments in the past month, including to a debt fund from Mesa West Capital. The Mesa West fund, which is reportedly targeting up to $500m, is expected to close in the coming months, sources say.
1 min read · 21 January 2013
Otera Capital Corp, part of Canadian pension fund Caisse de depot et placement du Quebec, has reportedly bought part of the 1330 Avenue of the Americas building after the property developer defaulted on a $130 million mezzanine loan.
1 min read · 21 January 2013
The Canadian pension fund lost 25% of its value last year leaving it with just C$120bn in assets compared to C$155bn in 2007. Private equity and real estate investments lost 31% and 22% respectively, with Caisse warning its Lone Star investments had performed poorly.
2 min read · 21 January 2013
The state’s comptroller, Thomas DiNapoli, has banned the use of placement agents in investments with the $122bn pension, and has launched a review of pension investments with firms involved in the New York Common kick-back scandal.
3 min read · 21 January 2013
