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Mass PRIM to spend $1bn on private equityThe $40bn pension, which has not yet committed to private equity in 2010, is happy to come in below target this year depending on opportunities.
- Invesco hires ex-RREEF veteran
Peter Feinberg has been confirmed as portfolio manager and senior director. He resigned from RREEF this summer, as the real estate arm of Deutsche Bank was fired as the separate account manager to MassPRIM.
- Fund of brotherly love
Philadelphia-based Rubenstein Partners has closed its first real estate fund with a little help from its sister firm Lubert-Adler.
- Starwood bulks up
Following a spate of new hires and fund closings, Starwood has hired William Jandrisits as director of finance to help manage its rapid expansion.