Private Equity
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.
2 min read · 05 January 2013
The Chinese Sovereign Wealth fund has reportedly shortlisted nine fund managers taking part in the US Public-Private Investment Plan.
2 min read · 05 January 2013
The tenth largest pension fund in the US has reported a 5.6% fall in returns for real estate in 2008, but the sector still outperformed other asset classes.
1 min read · 05 January 2013
The business development company has staved off bankruptcy for the short term as it eases its debt load by $174m.
2 min read · 05 January 2013
The debt-laden transport company's independent board has said the revised offer undervalues the company.
2 min read · 05 January 2013
The $72.3bn US pension joins a raft of North American funds recording losses for the year to June 30. Once again real estate was the best performing asset class returning 8.74%, followed by fixed income and private equity.
2 min read · 05 January 2013
The $200bn Chinese sovereign wealth fund is poised to buy a 40% stake in Chinese private equity and real estate firm, CITIC Capital, in its first domestic investment in a fund management platform. The Beijing-based fund purchased a stake in The Blackstone Group last year.
2 min read · 05 January 2013
GPs and LPs lately have been at odds over terms, but they are totally aligned in opposition to the FDIC’s proposed bank ownership rules, writes Christopher Witkowsky.
2 min read · 05 January 2013
Daniel Cummings, formerly of The Carlyle Group and LaSalle Investment Management, will reportedly take over as managing director of real estate investment for Harvard University’s endowment. The position has been vacant since 2007.
2 min read · 05 January 2013
The $7.6bn pension has terminated $150m in recommended commitments from its former private equity advisor Aldus Equity.
2 min read · 05 January 2013
