Xiao Qing Bai has been appointed as the sovereign wealth fund’s next global head of real estate following the recent resignations of Patrick Wu and, before him, Collin Lau. She performs the role jointly with her responsibilities as head of private equity in North America.
2 min read · 17 January 2013
The former director in TIAA-CREF's global social and community investments group is now in charge of the $24.7 billion state pension plan’s $1.3 billion real estate investment portfolio.
1 min read · 17 January 2013
AIG Global Real Estate, the one-time $40 billion real estate investment management business of credit crunch poster-boy American International Group, wants to be a real estate player again. It might just have the capacity for a comeback.
4 min read · 17 January 2013
The indictment of Detroit's former treasurer has revealed an alleged pension pay-to-play scheme, in which several private equity real estate managers, consultants and small-scale buyout firms are accused of providing bribes in exchange for business with two of the city’s municipal pension systems.
3 min read · 17 January 2013
The New York-based private equity firm will pay as much as €900 million for 22,000 apartments in Germany from bankrupt UK firm Speymill.
1 min read · 17 January 2013
The position at the $1 billion university endowment will help to source new managers and monitor the existing portfolio, which includes real estate.
2 min read · 17 January 2013
President Barack Obama signed the Jumpstart Our Business Startups Act into law Thursday, signifying huge changes to the way private equity and real estate fundraising is regulated.
2 min read · 17 January 2013
The Massachusetts-based college, which has a $1.8 billion endowment, is searching for a new head of alternatives following the departure of Tim Joeng, who led real estate, buyouts and venture for five years.
2 min read · 17 January 2013
The US Securities and Exchange Commission has received nearly twice as many registration applications than previously projected as firms scrambled to register by today's deadline.
2 min read · 17 January 2013
The Singapore-based fund management company has made further inroads into its capital raising efforts for its ARA Asia Dragon Fund II after holding a second closing. Capital raising is expected to complete by the end of the year.
2 min read · 17 January 2013
