The move follows Teranet’s rejection of the pension fund’s hostile bid to acquire the company for C$11 per share. The offer, made three weeks ago by an affiliate of the fund’s infrastructure arm, Borealis Infrastructure, valued the Toronto-listed income fund at C$2bn.
Randall Mullan, formerly of British Columbia Investment Management, will spearhead the $223bn pension fund’s infrastructure investment program starting October 14.
Along with those of Stanford and British Columbia, Harvard University’s $37bn endowment has scored top marks for sustainable investment. Harvard's endowment, an active private equity LP, returned 8.6 percent for the fiscal year ended 30 June.
The $80.1bn Washington State Investment Board has approved $1.7bn in commitments, including $900m to two RE funds. The pension also committed $600m to private equity funds and $250m to infrastructure and commodities.
BTS Investment Advisors is backing the growth plans of Sai Sudhir Infrastructures with the sixth investment from its $80m fund.
Should the insurance giant seek liquidity through the sale of its $758bn asset management arm, insiders say it will likely be slowed by the US government's newly acquired controlling stake, as well as issues including the mixture of AIG balance sheet capital with client funds.
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $700m in commitments to real estate funds and almost $1bn to four private equity funds.
Confronting an increasingly overweighted private equity portfolio, CalPERS has made $920m in commitments to four private equity funds. Last week, fellow pension giant CalSTRS addressed the denominator effect while disclosing more than $1bn in fresh commitments.
The property developer and fund manager is reportedly talking to investors about raising another India real estate vehicle. It follows Tishman’s decision to buy out ICICI’s stake in their joint venture company, TSI Ventures India.
SVG Asia’s first fund of funds has already made commitments to managers including CVC, Navis, Affinity and Actis. Its investment activities will be headed by former Hermes Private Equity executive Khim Tan.