The country’s largest public pension is considering increasing its interests in real estate with an eye toward the burgeoning emerging market countries.
Earlier this week, two of the largest US pensions announced their investment gains for the last fiscal year—including another year of strong returns from property.
Beacon Capital Partners, the Boston-based real estate investment firm, has agreed to co-develop and then buy the Axa Tower in the Parisian office district of La Defense.
Bahrain-based Capivest has partnered with Kuwait Investment Company and Kuwait Finance House to launch an Indian real estate fund.
Through their Brazil-dedicated fund, the Houston-based real estate fund and the California pension system have bought the office building from Banco Itaú.
Three years after making its first investment in India, CalPERS is investing a further $400 million with Pacific Corporate Group.
The Bahrain-based investment bank will invest in land development in the Danet Abu Dhabi Master Development Project.
The co-founder of Duke Street Capital has sold much of his stake in the buyout firm, and will use the proceeds to fund his latest venture, a pensions advisory business.
Kenny Tse, a veteran of the investment bank’s real estate research team in Asia, has joined Aetos as the head of Chinese property.
A former investment officer with the largest pension fund in the US is joining Franklin Templeton to scout property investments in Asia.