As real estate investors such as Sam Zell’s Equity International scout opportunities in Libya, a project in the seaside resort of Janzour has received a €55 million development finance facility, the first of its kind in the country.
Virginia Retirement System increases real estate and private equity allocations by three percentage points, saying it wants more flexibility in its portfolio.
HRJ Capital, the San Francisco fund of funds firm started by American pro-footballers Ronnie Lott and Harris Barton, has doubled its equity commitments for its latest vehicle.
The state’s employee retirement system last year enjoyed above-average returns for large US public pensions, thanks in part to its top performing asset classes such as real estate and private equity.
The direct investment arm of AIG Investments has sold its 14.15 percent stake in Turkey’s largest chain of movie theaters.
The Ontario Municipal Employees Retirement System has attributed strong 2007 returns to its alternatives allocation, including private equity, real estate and infrastructure.
The Canada Pension Plan Investment Board reveals expansion plans for Asian real estate just as it announces a joint investment of $400m in a new China fund with Ontario pension fund.
The PCG spin-out has hired another ex-PCG executive, Stephen Moseley, who will establish the advisory group’s New York office and lead co-investment activities.
The public pension has set policies for three of the four components making up its inflation-linked asset class, but said infrastructure policy will be considered later as it is the ‘most complex’.
The public pension has set criteria for three of the four components making up its inflation-linked asset class, but said infrastructure policy will be considered later as it is the ‘most complex’.