The largest pension fund in the US now has approximately $3 billion of its real estate assets in Asia.
The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.
As public pensions increasingly move into real estate, the Oregon Public Employees pension recently raised its target for real estate investment.
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein’s firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
The world’s largest 300 pension funds grew by nearly 12 percent last year, with assets hitting $10 trillion for the first time, a study has found.
The Essex Regional Massachusetts Retirement Board wants to begin investing in private equity, and is seeking an advisor for an $8 million fund of funds programme.
In a move to hedge against inflation and target the growing infrastructure sector, California pension CalPERS has debuted a pilot infrastructure program within its new inflation-linked asset class.
The US' largest pension fund purchased a $600 million, 8.6 percent stake in Apollo, prior to the private equity firm's listing on Goldman Sachs' private exchange.
The European fund manager has rolled up and sold a package of German retail property for more than €900m, making three times money for LPs in the European Property Investors vehicle.
Global real estate firm Hines and investment partner CalPERS have reportedly sold the 919 Milam office building in downtown Houston to Chicago-based Transwestern Investment Company.