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US Treasury selects Angelo Gordon, GE Real Estate for PPIPThe US government has selected nine private investment firms, including Angelo Gordon, GE Real Estate, Oaktree and Invesco to help take real estate loan-backed securities off banks’ balance sheets.
- Oaktree lags other managers on PPIP fundraise
Marathon Asset Management recently held a first close reportedly on $400m for PPIP, leaving Oaktree as the last firm to reach the benchmark.
- Illinois Universities invests $120m in ‘toxic assets’
The US pension is the latest to join the government’s programme meant to jumpstart the credit markets, which CalPERS has said it will not join.
- New York Common sets aside $200m for ‘toxic assets’
The $126bn pension has created a new allocation to house its investments in the US Public Private Investment Programme.
- Five firms raise $3bn to buy toxic assets
Invesco, TCW and Blackrock are among the firms that have held initial closings on funds that will buy distressed assets from banks and help reinvigorate the US credit markets.
- CIC plans $2bn US mortgage securities splurge
The Chinese Sovereign Wealth fund has reportedly shortlisted nine fund managers taking part in the US Public-Private Investment Plan.
- US Treasury selects Oaktree, Angelo Gordon for PPIP bank bailout
The US government has selected nine private investment firms, including Oaktree, Invesco and Angelo Gordon, to help take real estate loan-backed securities off banks’ balance sheets.
- Alaska revamps real estate asset allocation
The $29bn oil and gas endowment plans to allocate 18% to a new real assets category, including real estate, infrastructure and Treasury inflation-protected securities. The target allocation to real estate is expected to increase 2%.
- Martin Currie sets up private equity platform
The Edinburgh-based fund manager has launched a listed private equity investment trust and formed a new advisory panel to advise on private equity investments.