Sovereign Funds Get Exposure to Old CalPERS Real Estate Funds
The California Public Employees’ Retirement System (CalPERS) recently sold a US$ 3 billion portfolio of 43 real estate fund stakes to the Blackstone Group. As CalPERS begins consolidating real estate and private equity managers, secondary firms are scooping up interests. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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