Public Employees' Retirement System of Mississippi related stories
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Blueprint: Private REIT redemptions surge, GIC's China play, Gaw's Australian residential ventureRedemption requests spike following Starwood’s decision to limit withdrawals from its own private REIT, though firms are satisfying the cash-outs for now; GIC is ramping up on Chinese residential with a housing joint venture; Gaw Capital is also ratcheting up its residential holdings, but in the fragmented Australian market; and Meadow Partners and Faropoint look to fly under the institutional radar while on the hunt for deals; in today's briefing, exclusively for our valued subscribers.
Blueprint: Blackstone’s latest European mega-fund; EQT Exeter’s APAC logistics fund launch; ACORE’s $1.4bn capital raise for real estate creditBlackstone reaches mega-fund status – and eyes another fundraising record – with Blackstone Real Estate Partners Europe VII, raising $7.6 billion to date; EQT Exeter focuses its closed-end fundraising efforts on Asia-Pacific with its latest logistics offering; ACORE closes on the largest real estate debt fund so far this year at $1.4 billion; and more in today’s briefing, exclusively for our valued subscribers.
Blueprint: Crow Holdings Capital's record fundraising, CDPQ's real estate performance dips with the market, private fund investment period extensions to trendCrow Holdings Capital's $3.1 billion fundraising for its 10th value-add fund is evidence investors' fear of missing out is outweighing their fear of a GFC-style repeat; Ivanhoé Cambridge parent CDPQ sees its portfolio-wide performance dragged down by its real estate investments; fund formation lawyers tell PERE how investment period extensions are becoming normal in the current capital market; and more in today's briefing, exclusively for our valued subscribers.
Westbrook projects larger debt allocation to Fund XIIThe New York-based manager previously had invested as much as 18% of a fund’s capital with prior vehicles in the series.
Blueprint: Brookfield's second office default, Goldman Sachs' affordable housing venture, Ascent's family office partnershipBrookfield defaults on 12-property office portfolio in Washington DC and other locations after extending debt three times; Goldman Sachs forms a $1.15bn affordable housing venture at a time when the sector has 'never been more important'; Ascent Real Estate, formerly of Carlyle China, partners with a family office to expand its specialty real estate investment strategy; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: PERE's Award winners about to be announced, GIC's INDUS take-private, CPP Investments hires global real assets headPERE Award winners are announced tomorrow, with a varied field of winners; GIC's INDUS Realty Trust purchase is the state fund's fourth REIT privatization in the last year; CPP Investments hires global head of real assets six months after losing predecessor to a competitor; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Blackstone's creative financing, TPG's latest opportunistic fund, Hines' 10th Asia officeUnique financing benefits Blackstone in volatile times; TPG closes record opportunity fund despite market conditions; Hines opens Vietnam office as APAC expansion continues; and more in today's briefing, exclusively for our valued subscribers.
Blueprint: CPP and PIF's hotel bets, PERE's database update, Alecta's senior lossCPP Investments and PIF make commitments to hotels, PERE adds live fundraising charts to its database, Alecta loses a senior real estate executive to a longtime manager, and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Blackstone’s turnaround plans for Crown Resorts, GIC’s latest student housing deal, Aware Super’s new in-house platformBlackstone talks next steps for Crown Resorts, GIC makes another big student housing bet, Aware Super launches in-house property business, and more in today's briefing, exclusively for our valued subscribers.
Blueprint: Goldman Sachs' return, LaSalle's retail splurge, ADIA's Indian affordable opportunityGoldman Sachs returns to real estate private equity funds, LaSalle Investment Management injects some positivity into retail, ADIA targets affordable housing in India, and more in today's briefing, exclusively for our valued subscribers.