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MainePERS earmarks $50 million to Blackstone Real Estate Advisors
trueMaine Public Employees' Retirement System committed up to $50 million to Blackstone Real Estate Partners Fund VIII, a real estate fund managed by Blackstone Real Estate Advisors.
Investment opportunities seen in urban expansion
trueAn unprecedented worldwide urban expansion is poised to create a massive investment opportunity, affecting everything from infrastructure and energy to agriculture as the percentage of the worldwide population living in cities rapidly increases.
Carlyle Group's carried interest fund valuations have tepid end to 2014
trueCarlyle Group’s preliminary valuations of the funds from which it earns carried interest increased 1% in the quarter and rose 15% in the year ended Dec. 31, down from an increase of 3% in the third quarter of 2014 and an increase of 19% for the 12 months ended Sept. 30.
Top-performing REITs in 2014
trueREIT returns far exceeded their historical averages in 2014 -- returning more than 27% -- as measured by the FTSE NAREIT All REITS index. Over the last 10 and 20 years, the average annual return for the index was 8.6% and 8.9%, respectively.
Dallas/Fort Worth International Airport commits to real estate fund
trueDallas/Fort Worth International Airport committed up to $5 million in pension assets to the Ethika Diversified Opportunity Real Estate Fund.
Texas County & District putting $80 million with 2 funds
trueTexas County & District Retirement System committed $40 million to Rockpoint Real Estate Fund V.
KKR, backed by GIC, launches real estate-focused financial company in India
trueKKR announced it had launched a non-banking financial company in Mumbai to provide financing for property developers, backed by an investment from Singapore sovereign wealth fund GIC.
Ares Management closes 2 real estate funds with $2.1 billion in commitments
trueAres Management closed two oversubscribed real estate funds with total capital commitments of $2.1 billion.
Largest closed-end, private real estate funds raised in 2014
trueClosed-end private real estate funds raised $90 billion in 2014 -- just shy of the $92 billion raised in 2013, according to data released Tuesday by Preqin.
El Paso City Employees makes $35 million commitment to Heitman fund
trueEl Paso (Texas) City Employees’ Pension Fund committed about $35 million to Heitman America Real Estate Trust, a core open-end real estate fund.
Ohio School Employees enrolls BlackRock for REITs, makes 3 real estate commitments
trueOhio School Employees Retirement System hired BlackRock to manage a $100 million passive REIT portfolio and made three new real estate commitments totaling $350 million.
Lancashire County Council Pension Fund taps Knight Frank for real estate
trueLancashire County Council Pension Fund hired Knight Frank Investment to manage national and county real estate portfolios.
Moving beyond 'buy-hold-lease' farmland strategies
trueFalling prices for row crops, like corn and soybeans, which often account for more than 60% of the typical institutional portfolio, suggest farmland investors will need to consider other strategies for generating attractive returns in the future.
New Zealand Superannuation purchases RetireAustralia
trueNew Zealand Superannuation Fund, Auckland, and infrastructure company Infratil announced a joint purchase of RetireAustralia, an owner of senior housing units in Australia.
University of Kentucky makes $130 million in commitments
trueUniversity of Kentucky approved $130 million in commitments for its $1.2 billion endowment.