Eva Poon
The US’ third largest public pension has disclosed commitments in a mix of private equity and real estate funds, including two Lone Star funds.
Sam Zell’s private equity real estate firm has debuted its first investment in the Brazilian logistics sector with a $100m investment in São Paulo-based AGV Logística.
Silver Capital and McCann Realty Partners have closed their second residential real estate fund, Silver-McCann Apartment Group II, with the vehicle’s final investment in Houston, Texas. The pair formed Silver-McCann Group three years ago to acquire apartment assets in the US.
The Morristown, New Jersey-based private equity real estate firm has sold its East Towne Shopping Center in Madison, Wisconsin. The property was owned by the firm’s Hampshire Generational Fund, which targets high-net-worth investors.
The Pennsylvania Public School Employees’ Retirement System has also approved €150m for Nordic Capital's latest buyout vehicle.
The Public School Employees’ Retirement System has approved new commitments to private equity and real estate funds, including a $200m investment in Beacon’s latest $6bn property fund.
The Canadian pension bucks the loss-making trend among North American pension funds returning one percent on its investments in the three months to June this year. The pension’s real estate allocation now stands at 5.6%, or $7.2bn. Infrastructure makes up 2.6%, or $3.3bn, of its portfolio.
The oil and gas acquisition and operating company formed by Texas-based private equity firm, EnerVest, has inked four deals to purchase oil and gas properties across the US.
The New York-based alternative investment firm has acquired the SFO Logistics Center in San Francisco with plans to add loading slips and build additional warehouses on adjacent land.
The US Securities and Exchange Commission has sued the owners of private equity firm Wextrust Capital, Steven Byers and Joseph Shereshevsky, for allegedly defrauding investors of more than $100m, raised primarily from Orthodox Jews. Wextrust invested primarily in undervalued real estate assets.