Evelyn Lee
The Washington, DC-based private equity real estate firm is in the market with its third pan-Asian real estate vehicle, with a first close anticipated this summer.
The $62.2 billion pension plan has agreed to invest in the Dallas-based private equity firm’s latest fund, which will target distressed debt, distressed real estate and real estate entities.
The New York-based fund manager has amassed more than half of its target for its first US residential vehicle.
The Chicago-based multifamily investment firm has brought on its first in-house investor relations person, following the recent launch of its latest real estate fund.
The $260 billion pension plan has selected the firm as a new manager for its multifamily real estate program. Meanwhile, another public institution has terminated its relationship with Invesco as one of its core real estate managers.
The $88.9 billion pension plan also expects to transfer four real estate operating companies that it currently manages internally to the newly formed intermediary.
Peter Larsen, who previously was co-head of real estate investments at Hamilton Lane, now will serve as principal at the Greenwich, Connecticut-based placement agent and advisory firm.
Among the $90.9 billion pension plan’s new commitments are its first ones to Gaw Capital Partners and Abacus Capital Group.
Scott White will serve as the first capital-raiser for the Indiana-based senior housing developer, with a focus on private equity real estate investors.
The $39.2 billion pension plan has committed less than a quarter of the capital intended for real estate investments in commingled funds and co-investments during its current fiscal year.