The US’ third largest public pension generated overall returns of 25.9% in the year to the end of March – however real estate was the only loss-maker, returning -27.8%.
2 min read · 24 January 2013
San Francisco-based secondaries specialist Liquid Realty Partners has hired former Morgan Stanley dealmaker Mark Degner as managing director of acquisitions, to replace former CIO Jeff Giller.
1 min read · 24 January 2013
The Los Angeles-based private equity real estate firm has broadened the investment remit of its New Zealand-focused opportunity fund to include Australian and US investments too.
2 min read · 24 January 2013
The so-called ‘real asset’ class is attracting increasing attention from LPs for its inflation-hedging capabilities. That has prompted one real estate fund of funds manager to also enter the space.
3 min read · 24 January 2013
A year after launching a secondaries desk, the global inter-dealer broker will start fundraising for private equity, hedge fund and other alternative investment vehicles.
2 min read · 24 January 2013
The 18-year servant of Schroder Property, who was responsible globally for its property products, has resigned to pursue other opportunities
1 min read · 24 January 2013
Joyce Shapiro has joined the New York-based real estate team from Brookfield Asset Management to lead its expansion into real asset fund of funds, targeting infrastructure, energy, water, agriculture and timber.
1 min read · 24 January 2013
Townsend this week threw down the gauntlet to fund of funds managers by hiring ex-ING multi-manager head Nick Cooper, raising concerns among fund of funds managers about losing business.
3 min read · 24 January 2013
Jeff Giller and Brendan MacDonald have formed the San Francisco-based firm with the backing of Goldman Sachs’ private equity group. It will focus on fund, asset and investor recapitalisations.
2 min read · 24 January 2013
The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.
1 min read · 24 January 2013
