Real estate
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Capital targeted by Europe-focused real estate debt funds up 335% from a year agoAccording to data tracked by Preqin, there are currently 19 Europe-focused real estate debt funds in the market targeting commitments of €10 billion ($12.8 billion) - compared to just €2.3 billion ($2.9 billion) a year ago. The increase is driven by institutional investors' increased appetite for
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Pennsylvania Municipal looking for U.S. large-cap growth equity manager
Pennsylvania Municipal Retirement System is searching for an active domestic large-cap growth equity manager to run about $120 million.
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CalSTRS looking for real estate portfolio manager
California State Teachers' Retirement System is seeking a real estate portfolio manager, according to a posting on the $163.7 billion pension fund's website.
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LACERA picks Heitman, Clarion and Stockbridge for real estate
Los Angeles County Employees' Retirement Association, Pasadena, Calif., committed $200 million each to Heitman, Clarion Partners and Stockbridge Capital Group for real estate separate accounts, said John McClelland, principal investment officer-real estate at the $41.7 billion pension fund, in an
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Oklahoma Police Pension commits $20 million to Cerberus fund
Oklahoma Police Pension & Retirement System, Oklahoma City, committed $20 million to Cerberus Institutional Real Estate Partners III.
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Illinois SURS searching for general, real estate investment consultants
Illinois State Universities Retirement System issued an RFP for general investment and real estate consulting services for its $14.9 billion defined benefit plan and $1.2 billion 401(a) plan.
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Seattle City Employees selects AEW, Heitman for core real estate
Seattle City Employees' Retirement System hired AEW Capital Management and Heitman to manage core real estate strategies,
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Florida State Board sticks with Townsend Group as real estate consultant
Florida State Board of Administration rehired Townsend Group as consultant for real estate and real estate strategic investments consultant services.
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Something for everyone at Milken conferenceA near-term recovery of the global economy was given no better than 50/50 odds by Mohamed El-Erian, CEO and co-chief investment officer of Pacific Investment Management Co. LLC during a packed session of the Milken Institute Global Conference.
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Ares Management to acquire AREA Property Partners
Ares Management, an alternative investment firm, will buy real estate investment management firm AREA Property Partners.
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CPPIB launches Tokyo real estate venture with GE CapitalCanada Pension Plan Investment Board, Toronto, and GE Capital Real Estate created the Tokyo Office Venture, a partnership that invests in midsize offices in the Japanese capital's central business district.
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J.P. Morgan Asset Management to buy Manhattan buildingJ.P. Morgan Asset Management is acquiring a 31-story office tower in midtown Manhattan for around $750 million, several sources say.
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Oregon commits $950 million to private equity, real estate funds
Oregon Investment Council, Tigard, which runs the $61.1 billion Oregon Public Employees Retirement Fund, Salem, committed $950 million to private equity and real estate funds.
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Texas County & District puts $155 million with 4 funds
Texas County & District Retirement System committed a total of $155 million to alternative investment managers, bringing the system's April commitments to $255 million.
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U.S. core real estate funds post one-year gains of 9.7% through Q1The NCREIF Open-end Diversified Core Equity index - which tracks returns of 19 real estate funds with $93 billion in net real estate assets - was up 2.43% net of fees during the first quarter of 2013, and up 9.67% over the trailing 12-month period. Since inception more than 35 years ago, the index
