Coronavirus

The German insurer will remain active in the asset class but will be reevaluating its underwriting and the types of investments it pursues.

Chief investment officer Ben Meng outlined the steps taken to mitigate the impact from the ongoing covid-19-triggered volatility in a board meeting on Wednesday.

Drawdowns could enable managers to pre-empt liquidity issues arising from the pandemic but may compound the problem for certain LPs.

The Boston-based firm launched Realty Associates Fund XII in June 2018, according to an SEC filing.

‘In the current situation, it’s really tough to underwrite something,’ Rainer Komenda, the €80bn Bavarian pension investor’s head of real estate funds, tells PERE.

ESG and succession planning are growing in importance, say Hodes Weill & Associates partners Susan Swanezy and Stuart Baldwin.

The New York-based firm has already invested a third of Madison International Real Estate Liquidity Fund VII’s capital since its launch.

The moves by Allianz and AXA to combine real estate or alternatives entities are further steps to attract more money to non-traditional asset classes.

Lawyers from Paul Weiss pinpoint the areas of a private equity firm operations that may need to be adjusted to account for the coronavirus outbreak, including fund documentation, valuation and banking relationships.

The ‘thoroughfare of China’ is now known internationally as the birthplace of an epidemic that has now infected more than 120,000 worldwide.