The former senior investment officer for global equity has resigned her position at the California pension to become chief executive of the recently spun-out hedge fund sponsor.
Banking on changing demographics the regional buyout firm has bought Acibadem Healthcare Services and its sister insurance company alongside the group’s founder Mehmet Ali Aydinlar.
Private capital to real estate increased 13.5 percent from Q3 2006 to Q3 2007. International real estate investments jump 96 percent, according to Pensions & Investments magazine.
Red Fort Capital Advisors expects to deploy its new fund completely in the next year, with 80 percent invested in land acquisition.
The co-investment firm is looking for extra exposure to the UK and European mid-market, which has proved popular with investors and managers alike.
Private equity returns for the Wisconsin Retirement System dipped slightly from 25.5 percent in 2006 to 24.8 percent in 2007, but outperformed every other asset class in the pension fund’s portfolio.
ABP’s sale of KFN, which owns €1.6 billion worth ($2.3 billion) of prime Dutch offices, completes a 12-year program of reducing wholly-owned property investment in the Netherlands as it diversifies holdings internationally.
PERE looks back at the year just passed for the trends that mattered most. Today we look at trend number four - sovereign wealth funds have become major forces in global real estate investing.
The 3-year old firm has closed the largest-ever private equity vehicle raised by a Utah-based buyout firm – though without participation of two founding managing directors, including former American football star Steve Young.
PGGM has agreed to invest a further $100 million to the US firm’s class A apartment communities fund on top of the original $100 million committed last year.