In a letter to its LP base, Apollo characterised an agreement to reduce CalPERS’ fees by $125 million over five years as an “enhancement” of its relationship with the pension, and said that it plans to accommodate a trend toward separate accounts.
2 min read · 24 January 2013
The real estate investment and fund management firm, owned by the Duke of Westminster, is expected to begin fundraising for a $500 million Japanese core plus/value-added real estate fund by the middle of the summer.
2 min read · 24 January 2013
The $132bn California State Teachers' Retirement System named Diloshini Seneviratne, a senior investment officer on its private equity team, as its first portfolio manager for infrastructure.
3 min read · 24 January 2013
The Abu Dhabi Investment Authority has named Sheikh Hamed bin Zayed al Nehayan as managing director to replace his deceased brother Sheikh Ahmed bin Zayed al Nehayan.
1 min read · 24 January 2013
The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.
3 min read · 24 January 2013
Jean-Paul Gauzes, the rapporteur for AIFM, has suggested a way of replacing the controversial third-country rules.
2 min read · 24 January 2013
Andy Watson becomes head of core property funds and separate client mandates, a new position at the Chicago-based firm.
1 min read · 24 January 2013
It’s time to tether carried interest to GP confidence, writes David Snow.
4 min read · 24 January 2013
The mega-firm has hired a lobbyist to advocate against a proposed California law that would end payments to placement agents for successful fundraisings.
3 min read · 24 January 2013
Despite Timothy Geithner’s assurances to EU finance ministers, new rules for alternative investment fund managers are still being volleyed in Congress.
2 min read · 24 January 2013
