U.S. Pension System Ramps Up Co-Investing
Fallout from the coronavirus pandemic failed to slow a push into private equity co-investments by one of California’s largest public pension plans during this year’s first half. The $253.6B California State Teachers’ Retirement System ramped up commitments to both co-investing alongside fund general partners and to opportunistic debt funds.
Saudi Aramco’s Global Private Equity Strategy: Jon Nieman, Head Of PE
Jon Nieman is the head of private equity of the investment management division of Saudi Aramco, a Saudi Arabian national petroleum and natural gas company. A Michigan native expatriating in Saudi Arabia, Nieman talks about his cultural learning experience in the Middle East and, more importantly, how he rebuilt Saudi Aramco’s private equity strategy, replacing large chunk of buyout funds with opportunistic and venture programs. <br />
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Nieman spoke at Trusted Insight’s Alpha Conference in San Francisco on Jun. 14, 2017.
New York Common Invests In Landmark's Real Estate Secondaries Fund
<p>New York State Common Retirement Fund has made a $150m (€133m) commitment to Landmark Partners’ latest real estate secondaries fund.</p>
<p>The pension fund told IPE Real Estate that it is investing in Landmark Real Estate Partners VIII as part of its $4.5bn opportunistic alternatives portfolio, held separately to its real estate allocation.</p>
Blackstone To Reach €7.5B In June For European Opportunity Fund
<p>The Blackstone Group expects to reach a final close in June for its latest European opportunistic real estate fund in June, hitting its ‘hard cap’ of €7.5bn.</p>
Iowa PERS To Begin Search For $250M Real Estate Debt Mandate
<p>Iowa Public Employees Retirement System (Iowa PERS) is looking for an investment manager for a $250 million (€232 million) real estate debt strategy.</p>
<p>The $28.54 billion pension fund is planning to issue a request for proposal (RFP) in the coming months, according to a board meeting document.</p>
<p>The investment will form part of its private credit allocation. The pension fund is also issuing an RFP for a private corporate-lending strategy of a similar size.</p>
<p>The real estate debt strategy will have the flexibility to include core and opportunistic investments.</p>
KKR Closes $13.9B Americas Private Equity Fund
KKR, a leading global investment firm, today announced the final closing of KKR Americas XII Fund (the Fund), a $13.9 billion fund focused on opportunistic investments in private equity-related transactions primarily in the United States, Canada and Mexico. KKR will be investing nearly $1.4 billion in capital alongside investors through the Firms balance sheet and employee commitments.
Pension Fund Returns Were 1.1 Percent In Third Quarter
The state retirement pension fund saw a 1.11 percent return in the third quarter of 2016, Comptroller Tom DiNapoli said Monday....
New Mexico PERA Invests In Core Real Estate For First Time
<p>Public Employees Retirement Association of New Mexico has begun to invest in core real estate for the first time.</p>
<p>The pension fund has entered into a joint venture with Sarofim Realty Advisors to invest $150m (€140m) in predominantly core and core-plus retail properties.</p>
<p>The investment marks a departure for New Mexico PERA, which has only ever invested in value-added and opportunistic real estate. Last year, <a href="https://realestate.ipe.com/news/investors/new-mexico-pera-backs-harrison-street-and-eyes-private-core/10014847.article">IPE Real Estate reported</a> on its plans to move into core.</p>
Private Equity Real Estate Funds To Target Alternative Assets, Debt In 2017
At the current stage in the U.S. real estate cycle, it's becoming tough to find value, so private equity investors may be more likely to target value-add and opportunistic assets.
Allstate Expands Into Opportunistic Real Estate Investments
<p>Allstate is growing its investment strategy into opportunistic investment opportunities for the first time in real estate, infrastructure and agribusiness.</p>