Christopher Keber has been confirmed as director of global capital raising for the Greenwich, Connecticut-based firm. PERE first revealed Keber’s appointment in April.
2 min read · 05 January 2013
The $205bn California Public Employees’ Retirement System focuses on restructuring its real estate separate accounts and ‘letting go’ weak managers, as it reports declines of 37.1% in the year to the end of March.
2 min read · 05 January 2013
LPs around the world, including CalSTRS, are eyeing greater core exposure, but how do they balance that against a need for higher returns? By Zoe Hughes
3 min read · 05 January 2013
The $132.2bn public pension is shifting its attention away from value-added and opportunistic strategies, and sets an overall benchmark for the asset class to meet: a minimum of 9.25% net of fees.
3 min read · 05 January 2013
Together with Alberta Development, PCCP and Walton Street have paid off all loans secured against a Colorado retail and mixed-use centre. In buying back the debt, the JV was able to sign a 10-year, 96,000-sq. ft office lease.
2 min read · 05 January 2013
After being subject to one actual mezzanine foreclosure auction, threatened with two more and ultimately placed into bankruptcy protection, the W Hotel – Union Square will be sold to Host Hotels & Resorts.
2 min read · 05 January 2013
Apollo and Centerbridge reportedly lost out to Fortress for the US’ second-largest special servicer, which was expected to fetch $200m.
2 min read · 05 January 2013
The two investment firms backed a management buyout of First Republic Bank from Bank of America, injecting $1.86bn of fresh equity into the deal.
2 min read · 05 January 2013
The 'Volcker Rule's' impact on private equity may not be felt until 2022, and its main effect could be to reduce banks' co-investment in alternative vehicles.
3 min read · 05 January 2013
The $94bn pension fund has started webcasting its board meetings following a growing trend among US public pensions to have live feeds of its sessions.
2 min read · 05 January 2013
