Rising interest rates, macroeconomic outlook pushes investors towards emerging strategies.
Drop in alternative holdings allows SBA to back five
funds, including one focused on digital assets.
Singapore SWF pays $4.4 bn for open ended public REIT
King Street Capital, Omnam Investment exit 162-room, renovated
asset after 5 years.
Program’s private equity program reports a loss, leads to restatement of year-end numbers .
MSquared Affordable NYC Fund marks a first for
Trinity.
OTPP real estate arm, Hines BTR scheme targets
transit, employment hubs.
Retirement system flips 200,000SF, $3 Million property
it purchased in 1973 for $108 million
Life sciences venture to develop R&D,
manufacturing facilities in Qingpu by 2024.
Third
school in Research Triangle, Duke University, posts a 1.5% loss.
System reducing pacing plans for two sectors – despite
strong gains from both.
Board approves commitment to Angelo Gordon Realty.
Currently comprising 5.4% of the portfolio, it can be
expanded to 10% over the next 10 years.
System is looking to ramp up its activity in
infrastructure.
Energy infrastructure firm to build 300 EV charging
stations.
U-M reports a gain of 2.2%, making it the third Big 10
school to post a positive number for fiscal year.
The Norwegian fund has entered into a joint venture
with PSP Investments and Longfellow Real Estate Partners.
Frank Garcia to lead SFR fund strategy.
South Africa’s Kasada pens fourth hotel deal in
Senegal.
Neil Shah helped oversee private equity and real
assets at NU.
WSIB’s returns are currently second only to Oregon
Public Employees Retirement Fund.
Poised to step down as CIO at the end of 2023 after 12
years, Hewsenian discusses career, including serving as a consultant to CalPERS
and being a special ed teacher.
CIO
Farouki Majeed sees benefits in switching away from hedge funds to private credit
and infrastructure.
An interview with Maddi Heckman, Markets Group & Jonathan Martin, Anfield Hotel Advisors, LLC.
System commits to three credit funds, a real estate
fund and a private equity fund.
Bulk of capital deployed into two private equity funds
and a real estate fund.
TCDRS has committed a third of the capital it deployed in the sector in 2021.
System approves new asset
allocation target that increases credit and public equity while lowering real
estate and interest-rate sensitive strategies.
Study by KKR finds CIOs
are looking to increase exposure to illiquid investments but want ones
providing more upfront yields.
System receives OK to invest in new funds from Raith
and Homestead Capital.
System backs Two Ardian Funds and an Oak Street real
estate fund.
The $24.3 billion Louisiana system commits $425 million.
System
in rare position to not only pursue fund stakes, but also do more co-investing.
New asset
allocation strategy ups target to private equity to 15%, doubles target for
private credit to 10%.
Investors in STORE Capital will receive $32.25 per
share in cash – a premium of 20.4% to STORE Capital’s closing stock price as of
September 14.
Two teacher pension funds struck $500 million deal to
invest in logistics centers in March.
Waterline development to deliver downtown apartments,
hotel, office space by 2026.
Plans for former Peek Freans factory site plans
include 1.5k+ rentals, commercial space development.
Real
estate diversification, treading lightly in Europe are key themes for CIO of $4
billion city pension.
With investment firms seeking to attract
trillions from smaller investors, large allocators could have co-investment
opportunities, fee cuts reduced.
Kate
Carder has been promoted to replace Christopher Longee, who recently retired.
System
posts listings for two new roles; individuals would report to Deputy CIO Scott
Chan.
Pension fund puts more than $100 million into four
such firms.
Property giant warns of core net profit, net profit
attributable to shareholders plunge in H1 2022.
Private
equity receives nearly half of the commitments.
Steve Willer tasked with bringing 10 funds into compliance with their
asset allocation targets.
The $900 million investment values Aman Group at $3
billion.
Alaska Permanent Fund Corporation to increase
multifamily exposure in South Florida, Washington D.C. and Denver metros via joint
venture.
Dutch pension fund doubles MaxCap exposure from 2019,
secures $1.2 billion re-up option
Jonathan
Popielarski leaving role as director of private assets; Justin Maistrow becomes
deputy CIO.
CRPTF commits $300M to 3-year investment with GCM
Investors flock to West Loop, Chicago industrial at
large.
Ontario Teachers’ real estate arm, UK’s Boreal IM
acquire industrial assets from Europa Capital.
State-backed developer, distressed debt asset manager to manage property bailout fund.
$20
billion fund is expected to focus on private equity, real estate, and private credit,
according to job listing.
System
benefitted from being under-allocated to stocks.
Allianz
funds sustainability-linked debt refinance for largest mall in Germany.
Despite its modest origin, CAIA has expanded into a globally recognized designation, and alternatives are hardly alternative.
Experts agree the magnitude of the incoming slowdown
in the multifamily sector will depend on the actions taken by the Fed in the
second half of 2022.
Pension plan sees private
equity co-investing as key component but needs the right people to execute.
Dutch, Canadian pension funds back second round of
fundraising for $2B industrial partnership.
Longee
oversaw endowment’s real estate, energy and natural resource portfolio for 18
years.
State
Investment Council votes unanimously on fund commitments, drops Franklin
Resources
GIC, APG peg The Student Hotel value at $2.1B
System also commits over $5 billion of capital to
managers.
He spent 14 years at the endowment after leading
private markets at Teacher Retirement System of Texas.
Acquisition is the latest in a string of deals along
the hot SoCal coastal market.
Investors
adjust outlook for Asia property sector despite declining mortgage rates
Cadillac Fairview, Boreal team to assemble €3 billion
logistics portfolio.
Tennessee retirement system deploys $250M to
Blackstone, EQT Exeter RE funds, agrees to exit Denver multi-family.
Given the unavoidable impact real estate has on our lives in order to satisfy need for space for various human endeavors, we are all in real estate--but few understand what it takes.
Blackstone
buying spree continues after PS Business Parks acquisition.
VC and real estate targeted for hikes.
PERF has allocated 27% of its fund to private equity and 25.2% to public equities.
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