Staff Writer
After combining infra, real estate and timber into a single real assets unit in 2011, CalPERS is considering consolidating its strategy.
The private equity industry has voted that the UK should remain part of the European Union.
High pricing and considerable dry powder means sellers can benefit from selling stakes, while secondaries players can also pick up attractive deals in the market - so which side is it better to be on in 2016?
The placement agent and global advisory firm also hired Sarah Sandstrom, a new partner in its New York office.
Former Nomura International vice-chairman Justin Dowley will hand over to fellow board member and ex-Schroders CFO Kevin Parry at ICG’s AGM.
The fund of funds is making its debut in private debt by hiring Bill Sacher and Shahab Rashid, who formerly held senior roles at Oaktree, and by opening a New York office.
The vehicle is targeting €250m and will mix primary and secondaries fund positions with direct co-investments.
Secondaries Investor is on a news break until 4 January, but check back over the holiday period for some analysis pieces. In the meantime, we hope you enjoy the Christmas break (if you’re having one!) and we look forward to catching up in 2016.
Many of the RE secondaries portfolios being brought to market have a heavy weighting towards pre-crisis funds.
The firm will follow a similar strategy to the one it applied to its timberland investments.