Pennsylvania Public School Employees' Retirement System related stories
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Blueprint: Ballon's exit at CPP Investments, Goldman Sachs' latest real estate secondaries capital raise, PERE's MIPIM coverageAnother leadership shakeup at Canada’s major pension plans, with Peter Ballon leaving the top real estate post at CPP Investments after nearly two decades at the investor; PERE reports back on the mood at MIPIM; Goldman Sachs Asset Management raises $1.2 billion for Vintage Real Estate Partners III; and more in today’s briefing, exclusively for our valued subscribers.
Blueprint: PERE's Deep Dive on sector-specific funds, Apollo’s debut European debt fund, ESR's sale of ARA Private FundsPERE's March cover story zeroes in on why specialist funds are likely to have more luck attracting capital than their diversified counterparts this year; Apollo targets $1.09bn for its first European real estate debt fund in an increasingly crowded market for large property lending vehicles; ESR sells ARA Private Funds as part of its $750 million divestment plan; and more in today's briefing, exclusively for our valued subscribers.
Brookfield launches its first opportunistic European vehicleThe manager has established a regional sidecar to invest alongside its flagship opportunistic global fund for the first time.
GPIF chooses Brookfield for second direct real estate fund investmentThe investor has announced $1bn of commitments across two direct private real estate funds within the past year.
Blueprint: Blackstone’s first sustainability-linked loan in Asia-Pacific, PGIM Real Estate’s innovation initiative, Invesco and Longpoint fund closesBlackstone secures its first sustainability-linked loan in Asia-Pacific to refinance assets in its 140-property industrial portfolio in Australia; PGIM Real Estate launches RealAssetX, an innovation lab focusing on data intelligence, research & development and investment in technologies for the real assets industry; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: APG's early movement in AI, ADIA takes advantage of current China opportunity, PERE's Expo Real takeawaysPERE meets Samuel, APG's digital colleague, and hears about the investor's early moves in artificial intelligence; the Abu Dhabi Investment Authority reveals its opportunistic activity in its annual report; Expo Real conference delegates hear a notable shift in emphasis in regard to sustainability; and more in today's briefing, exclusively for our valued subscribers.
PIMCO closes CRED II amid sustained appetite for US debtThe Newport Beach-based manager has closed its second property credit fund on $3bn, more than double the size of its predecessor.
Blueprint: Lone Star boss considers distress investing today, real estate reacts to the US debt ceiling agreement, what ESR's Korea vehicle launch meansLone Star's Grayken sees opportunities while the market finds its footing; a US debt ceiling deal relieves pressure on real estate but does not remove its obstacles, for now; ESR prepares a South Korea vehicle to capitalize on refinancing problems in the country; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Fortress's acquisition by Middle Eastern sovereign, Urban Partners' new conglomerate status, Brookfield's Oz BTR ventureFortress gets snapped up by Middle Eastern sovereign wealth fund Mubadala Investment Company, Urban Partners receives initial test of its strategic restructuring from investors, Brookfield expands into Australian residential with BTR deal; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: BlackRock's continued reshuffling, ESR's latest Vietnam expansion, LGIM's US platform launchBlackRock makes further leadership changes, promoting its EMEA head to a global chief investment role; ESR continues expansion in Vietnam via a $450 million funding round for a local industrial developer; LGIM opens its US real estate business with initial plans for balance sheet investing; and more in today's briefing, exclusively for our valued subscribers.