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Private real estate veteran Sonny Kalsi is pushing aggressive recruiting policies at BentallGreenOak before the momentum fades from this summer’s protests against racial injustice. Measures include a 66.7% minorities and women minimum recruitment target and financial penalties for missing it.
The firm had over $20bn of inflows in Q2 2020, which includes significant capital raised for the Blackstone Real Estate Debt Strategies IV.
Investing in operating companies is one of the ‘collaborative model’ strategies that the US pension giant hopes will help to cut costs, especially during the current disruption.
Institutional investors and managers are grappling with the underwriting implications of pre-covid office working practices being dumped.
Spotlight
News that CalPERS is considering leveraging its portfolio has put the spotlight on the risks and merits of institutional investors taking on systematic borrowing.
The pan-Asia-focused manager’s below-target closing of its latest opportunistic fund has raised questions about the impact of the two previous funds’s underperformance.
World Globe Map
The vehicle type raised more equity last year than 2017 amid continuing stable performance for global and European-focused strategies, according to research by ANREV and INREV.
Andie Kang established Korea’s National Pension Service as one of the world’s pre-eminent private real estate investors, before swapping from public to private three years ago. Arshiya Khullar caught up with him at the country’s biggest investment manager IGIS Asset Management to hear all about it.
The asset manager has committed an initial £70m of lending through its debut UK-focused vehicle across five loans.
The Singaporean manager’s third Asia-Pacific value-add fund has closed above its initial target.
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