Graham Winfrey

Shares of Kohlberg Kravis Roberts fell 2.9% in the firm’s debut on the New York Stock Exchange Thursday, after a strong final two weeks on the Amsterdam Euronext heading into the relisting.

KKR's long-awaited NYSE listing, set for Thursday, is expected to be met with enthusiasm from US investors with 'pent up demand'.

The firm's prior direct investment fund collected $443 million in 2006.

John Crocker, a veteran of Citi's private funds group, Capital Z Investment Partners and Credit Suisse, will market private equity, real estate and infrastructure funds in Australia and New Zealand.

A debate in the House of Lords over the EU’s pending AIFM legislation yielded little progress, as key issues including third country rules and disclosure requirements have yet to be resolved.

Bill White, president of New York City’s Entrepid museum, has reportedly stepped down. The New York Attorney General's office had subpoenaed White’s firm about fees it received from City Investment Fund, the real estate investment platform established by affiliates of Fisher Brothers and Morgan Stanley Real Estate.

The $16.7bn Austin-based Texas Municipal Retirement System has hired consultant ORG to help it add real estate as a new asset class. Texas MRS aims to allocate 10% of its portfolio to real estate over the next ‘several’ years.

The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.

The vice president of Canadian pension Ontario Municipal Employees Retirement System Philip Haggerty said there is a need for American institutions to make large real estate and infrastructure investments directly, and that Canada is ‘opening the door for partnership’.