Following close on the heels of CalPERS’ portfolio allocation changes, the $173bn California State Teacher’s Retirement System has increased its real estate target to 10 percent and its private equity allocation to 8 percent.
Germany’s open-ended funds are flexing their muscles again in global property markets, providing added competition to unlisted real estate funds.
The New York firm has promoted David Cynn and Thierry Ho to managing directors and Michal Petrzela to vice president.
The Stockholm firm is arming itself with up to €3 billion of acquisition firepower to deploy in the Nordic and Baltic countries.
Phil Angelides, who recently was beaten by Arnold Schwarzenegger in the Golden State gubernatorial race, will be tasked with expanding Canyon-Johnson’s ‘green’ investments in urban markets across the US.
The group’s chief executive Patrick Sayer has said it will grow its unlisted co-investment fund to between €2 billion and €3 billion emulating FTSE 100-listed rival 3i.
A day after pub operator Mitchells & Butlers revealed losses of £422m, the property tycoon is reportedly looking to team with Apax, Cinven, CVC or Permira in an effort to grab the chain.
The real estate investment and development firm is targeting investments across property sectors in the US throughout the Northeast and Mid-Atlantic region.
The US pension fund is entering into a $200 million jv with Sealy and Company as it agrees to yet another industrial real estate commitment.
The firm has struck a €550m three-way deal to buy a French furniture and electrical business.
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