Evelyn Lee
The California pension plan’s backing of the vehicle marks its first investment with the New York-based manager.
Consolidation in the industry has transformed the manager landscape – but to whose benefit?
Town Lane, founded by Tyler Henritze, closed the fund at its hard-cap without the help of an IR team or placement agent.
The Cleveland-based real estate and fixed income manager and London-based infrastructure firm will have about $35.7bn in total AUM.
The UK pension fund is close to divesting all of its secondary office holdings as it looks to rebalance its overall real estate portfolio.
An increasingly common decision for limited partners has potentially painful consequences for both themselves and the overall market.
The firm’s co-heads of real estate talked about what drove leadership change at the top and what is next for the $49bn business.
The global head of the insurer’s alternative business said performance is the top priority as it works to decarbonize its €85bn real estate portfolio.
While most managers opt either to hire star talent to build a new business or acquire an existing platform, the New York-based firm chose to do both.
The new recruit completes the Atlanta-based manager’s global hiring spree of senior capital raisers over the past year.