Real Estate

CalPERS Offered Massive Loan from Deutsche Bank on NY Office

The California Public Employees’ Retirement System (CalPERS) is moving forward on its US$ 1.9 billion acquisition of a Manhattan office property, 787 Seventh Avenue in New York City. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 7, 2016

Mongolia’s Parliament Passes Law on SWF Mongolia’s State Great Hural, the country’s unicameral parliament, passed a law on sovereign wealth funds. Slyngstad Raises Concerns About Volkswagen’s Ownership Structure In an interview published Febraruy 6, 2016 with Frankfurter Allgemeine Sonntagszeitung, Yngve Slyngstad, CEO of Norges Bank Investment Management stated, ” I don’t think the family wants [...]


LOGISTICS: Macquarie and Ivanhoe Cambridge Acquire LOGOS Property Group

Global asset owners such as Canadian pensions and sovereign wealth funds are acquiring and getting exposure to logistic properties. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


QIC Expands U.S. Mall Strategy

Queensland Investment Corporation (QIC), through its unit QIC Global Real Estate, is expanding its U.S. mall strategy by allocating another US$ 750 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, February 3, 2016

NYSTRS Allocates $500 Million to RE Debt Strategy Managed by Blackstone New York State Teachers’ Retirement System (NYSTRS) allocated US$ 500 million in a separate account for a real estate debt strategy. This allocation will be managed by The Blackstone Group, targeting U.S. and U.K. assets. The pension system will have full discretion. ADIA Eyes [...]


private equity investors

GIC Sells Resort Property in Miami

Lennar Corporation and Miami-based Codina Partners won a bid over a number of suitors including Republican Presidential Candidate Donald Trump’s company in acquiring a 130-acre property that was sold by Singapore’s GIC Private Limited for over US$ 100 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. [...]


SWFI First Read, February 1, 2016

Kessler Topaz Meltzer & Check Filed Class Action Against Esperion Therapeutics Radnor-based law firm Kessler Topaz Meltzer & Check, LLP filed a shareholder class action lawsuit against Esperion Therapeutics, Inc., a listed pharmaceutical company that focuses on developing and commercializing oral low-density lipoprotein cholesterol lowering therapies for patients with hypercholesterolemia. The class action alleges the [...]


Friday SWFI News Roundup, January 29, 2016

USS Sells 13 Private Equity Interests to Ardian Flush with sovereign wealth and pension money, Ardian acquired 13 private equity partnership interests representing £640 million in assets and unfunded commitments from USS Investment Management, a unit of Universities Superannuation Scheme (USS). The deal occurred on December 31, 2015. USS was advised by Evercore on the [...]


SWFI – Movers and Shakers – January 28, 2016

Quattrone Hands Keys to George Boutros Frank P. Quattrone is stepping down as CEO of Qatalyst Group, a mergers & acquisitions firm he formed in March 2008. Quattrone was the investment banker who took Cisco Systems and Amazon.com public in the 1990s. Quattrone will become executive chairman of the firm, while promoting long-time ally George [...]


PGGM’s Real Asset Efforts Kept Busy in Ireland and UK

Dutch pension fund PGGM joined a consortium to invest in a €230 million infrastructure project in Ireland. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


australia infrastructure

SWFI First Read, January 27, 2016

NZ Super Fund Returns 6.5% Over 2015 The New Zealand Superannuation Fund (NZSF) returned 6.5% over 2015. NZSF surpassed its passive Reference Portfolio benchmark, equivalent to a market return, by 2.8% or NZ$ 766 million during the 2015 calendar year. The sovereign wealth investor also more than doubled the return on New Zealand Treasury Bills, [...]


SWFI First Read, January 26, 2016

Ssangyong Engineering & Construction Lands Big Singapore Project Ssangyong Engineering & Construction won a major mandate from Singapore’s Land Transport Authority on a subway construction project worth US$ 252 million in Singapore in partnership with Hyundai Engineering & Construction. Ssangyong Engineering & Construction will hold a 75% stake, while Hyundai Engineering & Construction will hold [...]


AustralianSuper Expands European Property Strategy

AustralianSuper is keen on expanding its international real estate profile. AustralianSuper boosted its ownership in the King’s Cross Central Partnership (KCCLP), a central London development, for £371 million. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


ports sovereign wealth

CIC Eyes Prime UK Office Properties

Australia’s Goodman Group is nearing a deal with the China Investment Corporation (CIC) on a £250 million real estate transaction in the United Kingdom office market. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 22, 2016

CalPERS CEO to Retire CalPERS CEO Anne Stausboll plans to retire, effective June 30, 2016. Stausboll spent 7 years at the pension giant. She has been CEO since 2009. Follow the Money: Episode 1 First Episode: here It is currently being hosted on Asset.tv which can be viewed off their site or a Bloomberg Terminal. [...]


Why Institutional Investors are Bullish on U.S. Real Estate

This article is sponsored by Marcus & Millichap. Written by Mark Taylor, Senior Vice President Investments, Senior Director, National Retail Group 2016 OUTLOOK Most commercial brokerage firms had their best year ever in 2015 in terms of transactions closed, dollar volume closed, and revenue. (At Marcus & Millichap, we closed 7,667 transactions totaling $33,139,000,000). We [...]


SWFI First Read, January 20, 2016

Temasek Participates in Meituan-Dianping Fund Raise [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Korean Sovereign Fund Buys US Hotel Interests

Asian sovereign wealth funds continue to eye U.S. real estate in core markets such as Manhattan. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


Malaysia’s KWSP Goes Domestic

Malaysia’s Employees’ Provident Fund, also known as KWSP, plans to invest more domestically in 2016, following in the footsteps of other public funds like Khazanah Nasional. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]


SWFI First Read, January 17, 2016

ADIA Sells London Property to Chinese Company The Abu Dhabi Investment Authority (ADIA) has sold a London property for £145 million to a state-owned enterprise from China. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]