Meghan Morris
The investment bank is co-investing alongside a private equity real estate firm to buy a Budapest-based developer from TPG Real Estate.
Ted Eliopoulos, who has been at the US's largest public pension for more than one decade, will step away by the start of 2019.
A step-by-step look at how a recent transaction unfolded.
Dollar volume climbed $1bn year-on-year as endowments reduced their legacy fund portfolios and fund sponsors continued to recapitalise funds and partnerships.
The move, prefaced by Harvard offloading $2bn of real estate assets, marks Bain's entry into the bricks and mortar business.
In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.
The $104bn US pension has acquired interests in eight funds, having previously been an active seller on the secondaries market.
The Dune Capital Management co-founder exited his interests for at least $4m to comply with conflict of interest rules.
The real estate secondaries space is challenging for established players, let alone for new entrant Neuberger Berman.
The firm hired an executive from Deutsche Bank’s secondaries business to lead the venture.