BlueOrchard Private Equity, halfway to its fundraising target of $220m, will invest in partnerships with microfinance organisations throughout the developing world.
The sovereign fund has doubled its profits to S$18.2bn although the size of its real estate portfolio has fallen by two percent in the past year. As the credit market fallout continues, Temasek has indicated it will continue to do direct deals in financial services.
The Indian real estate fund has invested in one of the first ‘green’ developments in India, being built by the 3C Group in Noida.
Prupim has announced a second Tesco portfolio purchase a day after it was revealed that the UK’s largest supermarket has sold £605m of property to real estate investors. The move is part of a sale-leaseback deal that will fund Tesco's expansion into the competitive Indian wholesale food market.
The president of JER Partners, Michael Pralle, argues investing in private equity real estate funds could prove a good fit for Middle Eastern and Asian countries rich with petro-dollars. Private equity real estate, he said, provided a 'middle road' to funds wanting alternatives to direct investing and REITs.
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
The US’s largest pension fund is to increase its infrastructure allocation to 3 percent, or $8.3 billion, over the next two years.
Private equity now makes up 11 percent of the Canadian pension’s capital under management, which has grown to nearly $128bn. The CPPIB has narrowly bucked the loss-making trend among North American pension funds, recording a 1 percent total return on investments in the three months ended in June.
A report by PCA to the $234bn California pension fund has highlighted China and India as the most attractive emerging markets in which to invest. The pension will next week consider backing calls to allocate significantly more capital to emerging markets over the next decade.
The $234.2bn pension is mulling a possible change to its private equity allocation, as the twin forces of sinking assets under management and shrinking distributions have combined for an overweighted alternatives exposure.