Staff Writer
Is the party over? Houlihan Lokey's Jeff Hammer and Paul Sanabria explore.
The revelation that an LP commitment to Accel Partners' 2009 fund makes the church an indirect investor in Wonga, a payday loan provider it has publicly criticised, has prompted the church to review its entire portfolio.
The $75.64 billion pension system disclosed the names of all 25 fund interests in its massive real estate secondaries offering yesterday. It also committed $185 million to Prologis’ second open-ended core fund focused on Europe.
The $150m in commitments to the fourth Asia-focused fund so far are through re-ups from the previous Asia vehicle.
Non-traditional buyer steps in to buy a limited partner position in Nordic Real Estate Partners’ logistics fund from Swedish pension fund SPP.
The head of the European fund of funds' Hong Kong secondaries team, Neal Costello, has left after less than one year in the position.
The $75.6bn pension plan has agreed to sell a nearly $1bn portfolio of real estate fund interests to a new entrant to the secondary market.
The initiative introduced by Chinese regulators to allow private equity players to buy and sell companies more easily will likely offer lower quality assets, according to industry sources.
The $72.8 billion pension plan has approved an investment to Blackstone's new Asia-focused vehicle. It also announced an update to its real estate secondary offering.
The $78.1 billion pension system is weighing the possible sale of fund interests in its real estate portfolio.