The Employees Retirement System of Texas is targeting $450 million in capital commitments under its real estate tactical plan for fiscal year 2012, which begins next month.
3 min read · 18 January 2013
With yields for trophy properties having fallen to low levels, investors should be shifting their focus to non-core real estate assets and markets where capital is scarce, according to new investment recommendations by the Swiss firm.
2 min read · 18 January 2013
The Amsterdam-based firm has hired Julie Helweg from Denmark’s Property Group as it gears up for Composition’s Europe Fund III.
1 min read · 18 January 2013
Blackstone’s first significant investment in Australia is now just days away from being completed after the shareholders of Sydney-based Valad Property Group approved the A$806 million sale of the business to Blackstone Real Estate Partners VI fund.
2 min read · 18 January 2013
Optimum Asset Management, the Berlin and London-based real estate fund manager expects to generate a return of 15% IRR from investments, mainly in Berlin’s residential market.
2 min read · 18 January 2013
The Europe- and Asia-focused fund of funds group keeps with its niche investment strategy by committing to two Japanese real estate fund managers with narrow focuses.
2 min read · 18 January 2013
The Connecticut-based firm has closed its fourth global real estate fund of funds on $400 million in commitments. It has been making commitments to funds and purchasing direct secondary interests since its initial closing in 2009.
2 min read · 18 January 2013
A partnership between the $240bn pension system and the global real estate asset manager has generated a 60% IRR and $160m in profits. The fund closed after selling its office, residential and logistics projects in São Paulo, Rio de Janeiro and Curitiba.
2 min read · 18 January 2013
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
2 min read · 18 January 2013
The New York-based private equity real estate secondaries firm has entered into its first student housing deal with the 80% equity interest purchase of two assets for $30m.
1 min read · 18 January 2013
