The Chinese sovereign wealth fund has held talks with BlackRock, Invesco and Lone Star as it looks to the US real estate market and distressed mortgage securities, according to the Wall Street Journal.
The lower mid-market firm has held a €102m second close on its third CEE-focused fund.
Sydney-based CHAMP Private Equity has raised about a quarter of the A$1.5bn it is targeting for its third buyout fund.
The global placement agent has joined the calls for the SEC to alter a proposed rule providing a blanket ban on soliciting US public pensions.
In the year to the end of June, Virginia Retirement System’s real estate portfolio returned -28.3% compared to a 19.8% benchmark. The pension has lost $12.2bn in value in 12 months.
The firm, launched by Sun Microsystems founder Vinod Khosla in 2004, raised money from external sources for the first time.
The two real estate fund managers are turning to the public markets to raise capital for their next debt vehicles. Brookfield Realty Capital Corp. and Marathon Real Estate Mortgage Trust are targeting $500m and $300m respectively.
The $123.8bn California pension plan took a 50% write-down in its value-added/opportunistic real estate investments in the year to 31 March 2009. The pension has completely written off its equity in some funds, while others are currently reporting IRRs of more than -100%.
The UK-based alternatives firm closed its first solar vehicle in July on €35m.
The ‘supplemental’ fund was raised to make fresh investments for the firm’s $1.2bn Fund III.