Evelyn Lee
After issuing an RFP in July, the $27.4 billion pension plan has agreed to invest with eight new value-added and opportunistic managers, including AEW and Blackstone.
The former director of real assets at the North Carolina-based multimanager is starting up a fund of funds platform for Chicago’s Oak Street Real Estate Capital.
Private equity real estate funds are being challenged by liquidity issues, not only from the lack of financing in the capital markets but also from rising costs related to other significant shifts in the industry, according to a new report from the accounting and advisory services firm.
The New York-based real estate multi-manager has named a new co-chief investment officer and three new partners as the firm expands its international reach.
Lynda Shillaw, currently a managing director of corporate real estate at Lloyds Banking Group, will join the £138 billion UK asset manager on 1 January.
Following the record $13.3bn close for its global real estate opportunity fund, the New York-based private equity and real estate giant is now targeting another major real estate capital raise, this time in the debt arena.
High return expectations for opportunistic real estate funds are out of place in the current environment – and that could be worrisome for managers and investors alike, according to a new report by PwC and ULI.
The New Jersey-based real estate investment manager has wrapped up capital raising for its US debt fund, which attracted commitments from institutional investors such as the Employees Retirement System of Texas.
The real estate arm of the Ontario Municipal Employees’ Retirement System plans to build one of the largest urban redevelopment projects in North America.
The $13.9 billion state university pension system has launched a search for core real estate managers, as it seeks to increase its total exposure in the asset class to 10 percent over time.