The employee pension of Spain’s second largest bank will start investing 5 percent of its €2.1bn pension fund in alternative assets.
A report from PricewaterhouseCoopers describes an increased LP appetite for real estate, particularly in Asia, but also warns that one-fifth of investors are looking to decrease their exposure to the asset class amid a shrunken asset base.
The third closing follows a €12 million acquisition in Belgium.
As investors position themselves to take advantage of falling commercial property values in the UK, Orchard and Singapore's state-owned investment fund, GIC, are looking to make up to 15 British property investments over the next three years.
The private equity real estate firm has added a portfolio of upscale fitness and athletic centers in California to its portfolio of luxury resort properties.
Two months after launching its UK-focused real estate fund, the Manchester private equity firm has expanded its real estate team to help source and manage investments for the fund.
Despite fourth quarter losses the firm is confident present market conditions will play to its strengths.
Kevin Tunick is the second alternative investment manager to leave the influential endowment following the arrival of a new CEO.
Human rights abuses and private equity real estate are not two phrases you would often speak in the same sentence. However if some legislators in the state of California have their way, institutions that back real estate funds may soon be accused of aiding and abetting man’s inhumanity to man. Â
The Chiphua Group is adding its Vietnam-focused vehicle to the handful of real estate funds launched so far dedicated to the emerging south east Asian country.
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