Newsmakers
Nuveen Promotes Phillips to Global Head of Real Estate
Phillips now oversees a $141 billion portfolio of commercial real estate investments.
Tag: Real Estate
Alternatives
NYSCRF Bulks Up on Real Estate Investments in December
The $275 billion pension giant committed more than $2 billion in total for the month.
Alternatives
Canadian Pension Plan Strikes 2 More Real Estate Deals
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
Alternatives
Institutional Investors See Resilience in Commercial Real Estate
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
Asset Allocation
CDPQ’s Ivanhoé Cambridge Sells 49% of News Corp. Building
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
Alternatives
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Asset Allocation
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Asset Allocation
New York State Pension Commits $4.6B in Investments in September
More than half is earmarked for its opportunistic absolute return strategies and credit portfolios.
Asset Allocation
Norges Bank Acquires 97.7% Stake in Silicon Valley Office Property
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
Asset Allocation
Utilities, Real Estate Equities Fuel Canadian Pension Plans’ 5.1% Q3 Returns
The performance raised the plans’ year-to-date return to 9.6%.
Manager Selection
Illinois Municipal Retirement Fund Seeks Real Estate Managers
The IMRF aims to commit at least $50 million to residential property strategies.
Pensions
New York Common Earmarks Nearly $3B in Investments in August
The $268 billion pension fund allotted the bulk of its commitments to public equities, real estate, and credit investments.
Corporate Moves
Ares to Acquire Real Estate Asset Manager GCP International
The deal will double Ares Real Estate’s assets to $96 billion.
Asset Allocation
New York Common Cashes Out $3.3B Worth of Strategic Partnerships
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
Asset Allocation
New York State Pension Boosts Private Equity Investments
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.