Investors

The Sacramento-focused firm has set in place a 5% management fee that is only payable on revenue earned by the partnership. The vehicle is focused on buying raw land and finished lots in Sacramento and Reno with the intention of “holding” the assets until property markets return.

The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.

The real estate investment firm has submitted an unsolicited bid to Virginia’s Secretary of Transportation seeking an unprecedented 60-year concession agreement with the Port of Virginia. If approved the offer would force the launch a formal bidding process for the port.

Peter Moon will retire next year from the University Superannuation Scheme, one of the UK's main cornerstone limited partners in private equity, infrastructure and real estate funds.

Canada Land Limited, the Hong Kong-based development company, has launched CDL China Real Estate Opportunity Fund to target distressed residential assets in greater China. It plans to liquidate part of the fund through an IPO if the Chinese economy improves.

The New York-based private equity real estate firm is in negotiations with Barclays Capital over loans backed by the office building, 475 Fifth Avenue. Westbrook and Moinian, its operating partner, had put up $18m in equity for the $160m deal.

The real estate arm of global asset management group Franklin Templeton Investments holds a final close for its Asian multi-manager product.

State Universities Retirement System of Illinois has committed $75m to AVP Partners’ fund of funds, marking the start of a new investment strategy in the sector.

Michael Sabia, the ex-CEO of BCE who worked on the failed take-private of the Canada telecoms company, has been appointed president of the C$120.1bn Caisse de dépôt et placement du Québec.

The secondaries advisor and placement agent has been approaching large investors about a vehicle that allows clients to 'share' capital calls with cash-strapped LPs.