The US’ third largest public pension generated overall returns of 25.9% in its most recent fiscal year – thanks in part to its private equity valuations being back in the black.
2 min read · 05 January 2013
The $110bn pension fund has committed $30m to the Mountgrange Real Estate Opportunity Fund I through its funds of funds investment with Franklin Templeton’s Lake Montauk vehicle. The Mountgrange fund closed in May on £300m and will target under-performing assets as well as land deals.
1 min read · 05 January 2013
The Los Angeles-based private equity real estate manager paid $54.7m in cash for the 415-unit apartment building in Denver – $20m less than RREEF paid in 2005.
1 min read · 05 January 2013
Jon Tanaka has been appointed managing director and head of Japan in charge of Angelo Gordon’s real estate activities in the country.
1 min read · 05 January 2013
Benjamin Young, the former chief investment officer of RREEF’s opportunity funds, has joined Strategic Value Partners as global head of real estate. SVP has also hired Georg Strassner, formerly with Morgan Stanley subsidiary Argoneo.
2 min read · 05 January 2013
Giving evidence to the US Senate Banking Committee, ex-Fed Reserve chairman Paul Volcker tells banks to choose between being bank holding companies and housing private equity and private equity real estate platforms.
2 min read · 05 January 2013
The real estate arm of the Qatar sovereign fund has teamed up with Voyager Partners to become the largest shareholder in the hotel group taken private by Kingdom Holding Company and Colony Capital for $5.5bn in 2006.
2 min read · 05 January 2013
The sovereign wealth fund is reportedly planning to increase its stake in Songbird Estates to almost 30%.
2 min read · 05 January 2013
Interviewed at the PERE Breakfast Club: ULI 2009, Robert Dombi, of Landmark Partners and Jeff Giller, formerly of Liquid Realty Partners, differ on the scale of the secondaries opportunity in 2010.
2 min read · 05 January 2013
Jeff Giller has now left the San Francisco-based secondaries shop after four years with the firm.
1 min read · 05 January 2013
