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DeAWM to outsource real estate fund administration to BNY Mellon
trueDeutsche Asset & Wealth Management reached a proposed agreement to outsource its real estate fund administration, with about $47.6 billion in assets under administration, to Bank of New York Mellon Alternative Investment Services.
Landmark Partners adds principal
trueGeoffrey Mullen joined private equity and real estate secondary market firm Landmark Partners as principal.
Investors in Global Real Estate taps Schroders as investment manager
trueInvestors in Global Real Estate, Guernsey, Channel Islands, hired Schroder Property Investment Management as its new investment manager.
Abu Dhabi Investment Authority expanding internal alternatives capabilities
trueAbu Dhabi Investment Authority plans to selectively add personnel across real estate, infrastructure and private equity this year.
CalPERS seeks infrastructure, real estate consulting services
trueCalPERS issued an RFP for a pool of consultants for infrastructure and real estate technical investment consulting services.
PAG, CPPIB acquire Commerz Japan real estate business
truePAG, an Asia-focused alternatives investment manager, and Canada Pension Plan Investment Board have acquired Tokyo-based Commerz Japan Real Estate Finance Corp. from Commerzbank AG.
San Antonio Fire & Police on lookout for non-core real estate manager
trueSan Antonio Fire & Police Pension Fund approved a search for a non-core real estate manager.
StepStone Group forms real estate unit with Clairvue Capital Partners
trueStepStone Group formed a new unit, StepStone Real Estate, with Clairvue Capital Partners.
Survey: Conditions for real estate debt financing improving
trueAccording to Preqin's latest survey of more than 100 private real estate fund managers, lenders have returned to the market, giving managers the confidence to secure debt financing – which Preqin notes is often relied upon for value-added and opportunistic investments.
Your next investment fund neighbor could be a crowd
trueInstitutional investors might find within a year that their real estate funds are co-investing alongside crowdfunding capital.
Dust-up in the desert
trueStaff and board members of the underfunded $7.9 billion Arizona Public Safety Personnel Retirement System, Phoenix, continue to deal with fallout from questions about real estate valuations and legal matters involving former staff members who questioned those valuations.
AEW's investor relations chief to retire
trueSteve Corkin, managing director and head of investor relations at real estate firm AEW Capital Management will retire Dec. 31.
District of Columbia commits to private equity, real estate funds
trueDistrict of Columbia Retirement Board, Washington, committed $25 million to Spectrum Equity Fund VII, subject to contract negotiations.
Florida SBA earmarks $300 million for 3 real estate funds
trueFlorida State Board of Administration committed a combined $300 million to three real estate funds.
LA City pension fund names three semifinalists for REIT portfolio
trueLos Angeles City Employees' Retirement System picked three semifinalists to manage an active long-only U.S. real estate investment trust portfolio of about $65 million, minutes of the $13.5 billion pension fund's June 10 meeting show.