Katherine Bucaccio

A PERE Global Investor Forum panel featuring Robert Dombi of Landmark Partners discussed the growth in the real estate secondaries market and how more investors are using it to manage their portfolios.

At the PERE Global Investor Forum, Stuart Bernstein of Texas Teachers decried emerging manager graduation programs while he and his peers discussed their approaches to investing in new talent.

After lifting its hard cap, the San Francisco-based real estate investment manager has closed its latest value-added vehicle more than $200 million above its original target.

The investment firm led by former Blackstone executive Christopher Peatross has entered into agreements to buy California Center for $159.7 million from a joint venture between Blackstone and RREEF.

The Bureau of Worker’s Compensation expects to commit at least $250 million to new value-added real estate strategies over the next few years, in addition to its recent $50 million commitment to RockBridge.

JP Rachmaninoff, former senior real estate investment officer at New York Common, has been appointed the director of real estate at the $40 billion Tennessee Consolidated Retirement System.

The $28.5 billion pension system is considering a $50 million investment in Cypress Equities Real Estate Investment Management’s debut fund, as well as more investments in European real estate.

The real estate firm founded by former Blackstone executive Christopher Peatross has held a final close on $325 million for its debut fund, bringing in $75 million more than initially targeted.

The updated pacing plan, which will be presented at the investment committee’s April 14 meeting, reveals that the largest US pension plan could deploy as much as $5.7 billion in the asset class in just over one year.

Six months after purchasing a 23-property office portfolio, the Dallas-based private equity giant has sold 14 of the properties to JDM Partners for approximately $550 million.