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The $242 billion National Pension Service of Korea is planning to grow its alternative assets allocation to more than 10 percent of total assets in 2014. The allocation represents a meteoric rise on the 3.8 percent target allocation set in 2008.
Why are some pensions much keener on infrastructure than others? The role of consultants may be key.
The $30.5bn Los Angeles County Employees Retirement Association will wait to make investments in the asset class because infrastructure is still too 'under-developed'.
The $30.5bn Los Angeles County Employees Retirement Association came to this conclusion after deciding that the marketplace for infrastructure investments is so under-developed that it is best for the pension to wait before making a commitment, according to a memo.
The India-focused private equity real estate firm has appointed Raj Inamdar as a principal in charge of creating new business initiatives as it nears the launch of its second opportunity fund.
Clear views on a cloudy day: four veterans of the US real estate market compare notes high above Manhattan. PERE magazine October 2009
The Leon Black-led firm has assembled a core group of real estate professionals from Barclays, Goldman Sachs and AREA Property Partners as it prepares to raise an opportunistic private equity real estate fund later this year.
The world’s sovereign wealth funds are expected to allocate up to 30 percent, or around $218 billion, of new investments in unlisted property funds over the next seven years, according to a report by CB Richard Ellis. It comes as Bahrain-based Investcorp launches a $1bn real estate debt vehicle with an unnamed Gulf sovereign wealth fund as an investor.
The Africa-focussed private equity firm has purchased Générale Assurance Méditerranéenne; ECP has also sold its minority stake in a Moroccan fertilizer distribution company for $23 million.
Los Angeles-based CB Richard Ellis Investors has invested out of its Strategic Partners Asia II vehicle to acquire a joint venture interest in the Guangdong Development Bank Tower in Shanghai.

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