The largest pension fund in the US now has approximately $3 billion of its real estate assets in Asia.
The alternatives-focussed Yale University endowment returned 28 percent this year, up 5.1 percent percent from 2005. The endowment is now valued at $22.5 billion, up 25 percent from 2005.
Damien Reynolds, head of natural resources investment firm Longview Capital Partners, has launched a new firm that will target renewable energy and cleantech.
Trade buyer Towergate has bought IT company Open International from Montagu Private Equity, led by Chris Masterson, indicating trade sales are still viable as an exit route.
As public pensions increasingly move into real estate, the Oregon Public Employees pension recently raised its target for real estate investment.
The US alternative assets group has sold a further 7.5 percent stake in itself to a strategic investor, valuing David Rubenstein's firm at $20 billion. It sold 5.5 percent to CalPERS in 2000.
The California pension has made its largest private equity commitment yet disclosed to Carlyle’s fifth US buyout fund, which has a target of as much as $17 billion.
Recent disclosure of the US pension fund's $75 million allocation to a Carlyle-backed hedge fund has provided information as to the fund's structure and mandate.
US pension giant CalPERS has launched a €400 million, Europe-focussed buyout initiative, to be managed by the private equity division of Scotland-based investment manager Standard Life Investments Group.
The US' largest pension fund purchased a $600 million, 8.6 percent stake in Apollo, prior to the private equity firm's listing on Goldman Sachs' private exchange.