As bidders submit their offers for the city’s parking system, city officials are looking to net at least that amount in order to save their pension from a state takeover. But the precedent-setting openness of the city’s bidding process may have ‘cost ourselves some money’, one official admits.
The infrastructure giant has been putting capital to work more quickly, deploying A$900m in the second quarter of this year, versus A$100m in the first quarter. However, infrastructure fundraising remains sluggish, Macquarie warned.
Placement agents that work with California’s public pension funds will be required to register as lobbyists, putting an end to fees based on the success of a fundraising.
The private equity manager, which earlier this year launched a clean energy infrastructure initiative, has opened a new office in Zurich – complementing its Swiss headquarters in Zug as well as seven international offices.
The former colony receives most attention for its gaming. One firm sees potential in its leisure industry instead. PERE magazine September 2010 issue
The drama surrounding the relationship between CalPERS, Apollo and controversial placement agent Alfred Villalobos continues. Investment staff at the $206bn pension allegedly questioned the relationship as long ago as 2006.
The pension’s head of alternative investments, already on administrative leave, has resigned amid an ongoing placement agent investigation.
Prudential Real Estate Investors was one of four real estate firms seeking to raise $1.3bn from Mexican pensions via the country’s stock exchange. The other firms included AMB Properties, Artha Capital and Mexico Retail Properties
A high-ranking CalPERS private equity official allegedly asked Apollo's Leon Black in 2006 to bring investment opportunities directly to him, rather than using 'third parties'.
Inflation hedging is a key driver of infrastructure’s fundraising revival, writes Andy Thomson