Adam Le
The manager of the US's biggest university endowment has returned to market with a diversified portfolio of stakes, Secondaries Investor has learned.
The pension system has about $8.8bn invested in real estate.
.jpg?id=12885377095 "CBRE's RE secondaries volume jumped 20% in 2016")
The investment banking arm of CBRE Group advised on 187 fund interests that were transferred during the year, with deal volume brokered by the firm hitting a record $2.4bn.
The firm‘s debut fund closed on $550 million in February after 17 months of fundraising.
The portfolio, which encompasses fund stakes across multiple asset classes, includes interests in 11 real estate vehicles.
.jpg "Landmark seeks $2bn for RE Fund VIII – Exclusive")
The target is the highest-ever sought for a vehicle dedicated to secondaries in the asset class.
The global investment firm is back in market two years after raising the largest-ever pool of real estate secondaries capital.
.jpg "CalSTRS in talks with Lazard for RE sale")
The $193bn pension plan is working with Lazard to identify which assets to sell.
The bank is in talks with investment bank Houlihan Lokey to help it explore the disposal of interests in private equity, real estate and infrastructure funds.
The pension has committed $100m to a vehicle that will invest alongside the Carlyle unit’s latest real estate-focused secondaries fund.