Evelyn Lee
The Toronto- and New York-based alternative asset manager has held a final close for its first global real estate opportunity vehicle.
The Irving, Texas-based investment manager and commercial real estate lender already has surpassed the entire equity haul for its previous real estate fund and has led the firm to focus on real estate equity investments rather than debt.
The Menlo Park, California-based private equity firm has closed on one of the largest data center transactions ever on behalf of its separate account with CalPERS.
The New York-based private equity and real estate giant is shifting away from a heavy US focus and pursuing more real estate opportunities in Europe, Asia and Latin America. The firm also held a final close for its latest real estate debt fund.
The New York-based real estate investment manager has completed its debut US fundraising, whose primary limited partners included Japanese and European pension plans.
The $112.4 billion pension plan has committed an additional $200 million of equity to the Chicago-based investment manager to deploy in new global real estate co-investment opportunities.
After underperforming the previous fiscal year, the $165.8 billion pension system’s property investments beat their benchmark by a wider margin than any of the organization’s other asset classes.
Real estate helped to fuel the $262.7 billion pension plan’s overall portfolio performance rebound during fiscal year 2012-13, but property returns were down from the outsized results of the previous 12-month period.
The New York-based investment management firm has raised its first commercial property debt vehicle, with a capital haul that exceeds that of its debut private equity real estate fund, which closed more than a year ago.
The $75.64 billion pension system disclosed the names of all 25 fund interests in its massive real estate secondaries offering yesterday. It also committed $185 million to Prologis’ second open-ended core fund focused on Europe.
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