Kevin Tunick is the second alternative investment manager to leave the influential endowment following the arrival of a new CEO.
The Chiphua Group is adding its Vietnam-focused vehicle to the handful of real estate funds launched so far dedicated to the emerging south east Asian country.
Mohamed Layas, chairman of Libya’s state investment arm, has reportedly said ‘there is no deal’ to sell a majority stake in the oil refiner and distributor, Tamoil, to Los Angeles-based private equity firm Colony Capital.
Fundraising by European-focused opportunity real estate vehicles has reached $5 billion this year with the closing of Apollo Real Estate Advisors' third dedicated Euro fund.
PERE's sister news service PEO interviews Alberto Torrico, the California assemblyman who recently introduced a proposed law that would force the state’s public pensions to cease ties with firms that are partially owned by certain sovereign wealth funds. Torrico tells PEO he is particularly targeting alleged human rights abuses in the United Arab Emirates, and that the objections voiced by pension investment staff are “overstated, exaggerated”.
The two firms, both with global footprints, were big winners among many unveiled today for the 2007 Global PERE Awards.
With $10 billion in fresh powder for global real estate investment, Blackstone is adding to its Asian firepower with a Hong Kong office, president Hamilton James has told PERE.
London-based property investment manager Rockspring has closed its fourth vehicle to date with 13 institutional investors committing to the core-plus and value-add strategy.
The former chief operating officer of Invesco Real Estate Europe and former chief executive officer of Pramerica Bank real estate private equity have launched Internos Real Investors.
Lawrence Jackson, the former Wal-Mart president and chief executive officer for global procurement, has been appointed to the industrial property investor’s board of trustees.