The $45.4bn Pennsylvania Public School Employees Retirement System has joined New Jersey in withdrawing planned commitments to funds, including Beacon, Carlyle, Stockbridge and Mesa West.
The Canadian Pension Plan fell in value by C$13.8 billion to C$108.9 billion in 2008 as investment returns shrank. However according to the plan’s latest figures, its inflation-linked assets continued to grow in value.
General partners attending this year's PERE Forum in Hong Kong were today warned that despite the inability of many US pension funds to commit equity this year, they expect communication from GPs throughout the year. Those who listen to the advice will be well positioned to take advantage when their equity doors open again in 2010.
Some of the world’s biggest private equity firms – including KKR, Blackstone, Carlyle, Permira, Providence, Apax and Apollo – have committed to consider environmental, social and corporate governance issues when making investments.
London-based Geni Capital and Dubai's AREIT Management say the closed ended opportunity fund aims to launch with at least $100 million, with a cornerstone investor already having been lined up.
Adelaide Gray is joining the UK insurer's property team from property services firm King Sturge to enhance the group's knowledge of trends affecting its specialist portfolio of assets.
Construtora Altana has closed it’s A-Pima fund targeting the affordable housing market in Brazil. Provident Group acted as placement agent.
The private equity real estate firm with more than $3bn in dry powder has told investors they can reduce their commitments by a tenth without penalty.
A survey of European real estate fund managers and investors reveals private property vehicles and ‘conservative’ institutional investors will be the investment driving force in the next 12 months. Private funds raised €23bn of equity in 2008 and are set to target Munich and Hamburg in 2009.
Oregon Investment Council has been asked by the New York-based investment firm to invest additional equity into its Gagfah deal, as it looks to pay down debt on the German residential property company. Fortress went to its LPs rather than go to 'outside sources'.