Despite the ‘sputtering economy’, the firm’s earnings in real estate rose in the second quarter, driven by increases in underlying investments and performance fees.
3 min read · 15 January 2013
More limited partners want to form ‘strategic relationships’ that are long-term and involve exposure to multiple strategies, co-founder Steve Schwarzman said during an earnings call this week.
3 min read · 15 January 2013
The largest US pension fund revealed yesterday that its opportunistic investments were largely at fault for its real estate portfolio underperforming its blended benchmark by 10 percent. CalPERS nonetheless produced its first positive annual return since 2007.
2 min read · 15 January 2013
The $6.5bn pension fund’s $500m commitment to AlpInvest is the fund of fund’s first since being acquired by The Carlyle Group in January.
2 min read · 15 January 2013
For the first time since the credit crisis, Aberdeen Asset Management has launched an Asia Pacific fund of funds vehicle, seeking out a range of strategies from core to opportunistic and targeting returns between 13 and 17 percent per year.
2 min read · 15 January 2013
The $154bn pension system has presented a 2011-2012 business plan that includes a target of $300m to $600m for new infrastructure investments. The plan also recommends that CalSTRS hire an additional investment officer for the infrastructure team.
4 min read · 15 January 2013
The $154bn pension system will review a private equity business plan next week that shows a focus on reducing costs by creating separate accounts and expanding the co-investment programme.
3 min read · 15 January 2013
The real estate arm of Aberdeen Asset Management is looking to Sweden as the first in a country-by-country series of funds investing in residential property.
2 min read · 15 January 2013
Distressed investors have seen some historic opportunities for profits come and go in the rollercoaster markets of the past few years. Now, all eyes are on Europe
5 min read · 15 January 2013
The Teacher Retirement System of Texas is intent on setting its own agenda when it comes to private markets deals.
10 min read · 15 January 2013
