Investors

The second largest US pension plan is considering the creation of a mortgage lending program, its real estate head revealed this week.

The New York-based private equity firm described the deal as fitting with its strategy of engaging in ‘complex and illiquid situations where we can work with sellers to provide solutions.’

The Beijing-based bad loan bank is planning to raise $1bn each for two funds, one focused on the US, the other focused on China. 

A PERE Global Investor Forum panel featuring Robert Dombi of Landmark Partners discussed the growth in the real estate secondaries market and how more investors are using it to manage their portfolios.

The Mumbai-based fund manager has attracted two large sovereign wealth funds for its latest US dollar denominated fund after changing the structure to a club.

At the PERE Global Investor Forum, Stuart Bernstein of Texas Teachers decried emerging manager graduation programs while he and his peers discussed their approaches to investing in new talent.

The London-based firm, better known for its third-party investment management division is planning to invest up to £250 million into Africa funds as a passive investor.

Malaysia’s largest pension fund placed a heavy emphasis on property as it increased international investments.

Paul Marcuse, former group managing director of global real estate at UBS Asset Management and CEO of AXA Real Estate, has joined Delin Capital Asset Management. The appointment comes as headhunters in Europe report high demand for such senior advisors.

Japan’s second largest bank by assets has revealed to PERE it intends to expand its overseas fund commitments from Asia to Europe and the US before the year is out.