Investors

The Canada Pension Plan Investment Board has tapped former Goldman Sachs rainmaker Alain Carrier to lead private investments from its second international office opened this year.

The $41.7bn retirement system expands its emerging managers program to include private equity and real estate firms, allocating 10 percent to the asset classes.

Following hot on the heels of the Dublin firm’s first private equity real estate fund, which closed on €400m this week, the firm is working on a second fund of roughly the same size.

Many fledgling private equity real estate fund managers could be severely affected as limited partners look to place larger amounts of capital with fewer GPs.

The US state has revealed a major funding gap in key infrastructure projects, if it is to keep pace with growing population over the next 25 years.

The New York-based real estate investment firm has held a first close on its value-add domestic emerging fund, which will invest in underserved markets in major US cities.

The Kuwait Investment Authority has acquired the Willis Building from British Land, taking advantage of the “quieter market conditions” to buy the tower at discount.

Although investment guidelines have not yet been set, people familiar with Brazil’s proposed sovereign wealth fund say it may favor ‘politically-related’ investment mandates over the alternative investment allocations embraced by peers.

The Chicago-based private equity real estate firm launches its first investment fund targeting Latin America’s booming residential sector.

The largest single-purpose pension in Canada, CPPIB, has been hit by turbulence in the public equities and REITs markets. However, returns for private equity and real estate are holding steady, while infrastructure has proven the strongest asset class.