Evelyn Lee
The Menlo Park, California-based private equity firm has closed on its debut deal for TechCore, a $500 million core real estate separate account launched earlier this year with the largest US public pension plan.
The New York-based real estate investment firm has held a first close for its $1 billion opportunistic debt fund, collecting commitments from investors that include the Contra Costa County Employees’ Retirement Association and the South Carolina Retirement System.
Scott Dwyer, formerly the general manager for ING Real Estate’s asset management business in Europe, has joined the Chicago-based real estate investment management firm as its new head of portfolio management in Europe.
Washington, DC-based real estate advisory firm RCLCO has hired Paige Mueller, formerly a senior vice president at the Singapore sovereign wealth fund, to head up its new institutional real estate advisory services business.
The New York-based real estate developer and fund manager has exceeded the target for its third Brazil fund, but plans to keep the vehicle open to investors through the end of the year.
Finesa Real Estate Group has held a first close on its investment vehicle, Diversified International Partners. This marks the first time that Colombian pension funds have invested in US real estate through a discretionary fund.
The $152.1 billion pension system has closed on five follow-on real estate investments including commitments to opportunistic funds of Fortress and PCCP.
The Oakland, California-based private equity real estate firm – which previously raised $100 million from high-net-worth individuals – has begun marketing its first institutional real estate vehicle to investors.
Rulemaking to lift the general solicitation and advertising ban in Regulation D has been delayed yet again. It’s unclear how long the delay will last – and that’s part of the problem.
The $22.3 billion pension system plans to significantly boost the size of its real estate portfolio over the next two fiscal years, focusing primarily on non-core investments. Thereafter, however, it expects to pull back on additional investments to the asset class.
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