Research | Dec 21, 2023 Deal volume declined by 23.6 percent from 2022 to 2023 by Lewis Dayton There was a decline of 23.6 percent from 2022 to 2023 for deals (mergers & acquisitions (M&A), private equity and venture financing) made from January to November in the respective years, according to a data report from GlobalData.
Investors | Dec 21, 2023 NYSCRF commits $640m to real estate and infrastructure funds by Lewis Dayton The New York State Common Retirement Fund (NYSCRF) has committed $375 million to Fundamental Empire Fund (FEF), $250 million to Stonepeak Opportunities Fund (SOF) and $15 million to American South Real Estate Fund (ASREF) II.
Fundraising | Dec 21, 2023 BDT & MSD Partners raises $3.2b for real estate credit fund by Lewis Dayton BDT & MSD Partners, a merchant bank that has deployed more than $50 billion across its investment strategies since 2010, has raised $3.2 billion for MSD Real Estate Credit Opportunity Fund II (MSD RECOF II), reported Bloomberg.
Research | Dec 20, 2023 Milliman annual Public Pension Funding Study finds public pensions shifted portion of equity, fixed-income assets to private equity and real estate by Released Milliman, Inc., has released the results of its annual Public Pension Funding Study (PPFS), which explores the funded status of the nation’s 100 largest public defined benefit pension plans.
Transactions | Dec 20, 2023 Blackstone to sell $833m stake in Embassy REIT by Andrea Zander Blackstone has plans to sell its entire 23.59 percent stake, valued at $833 million, in India’s largest REIT, Embassy Office Parks.
Transactions | Dec 20, 2023 Crossbay enters U.K. logistics market by Andrea Zander Crossbay has entered into the U.K. logistics market
Transactions | Dec 20, 2023 Prime Group Holdings expands operations to Canada by Released Prime Group Holdings has acquired its first Canadian property.
Investors | Dec 20, 2023 Cop28 takeaways for Australia, Southeast Asia and the planet by Lewis Dayton The 28th Conference of the Parties (Cop28), the United Nations Climate Change Conference, wrapped up last week on Dec. 12, following two weeks of panels, discussions, protests, commitments, fund launches and more.
Transactions | Dec 20, 2023 CapitaLand Ascendas REIT divests three properties in Australia at a premium to valuation by Released CapitaLand Ascendas REIT has entered into three put and call options for the sale of three logistics properties.
Transactions | Dec 20, 2023 ESR Japan Income Fund completes first acquisition in Nagoya by Released ESR Japan Income Fund has acquired ESR Aisai Distribution Center.
Research | Dec 20, 2023 U.S. multifamily market faces challenges ahead, according to Yardi by Andrea Zander The 2024 U.S. Multifamily Outlook from Yardi® Matrix anticipates a year of challenges, including slowing national rent growth.
Investors | Dec 20, 2023 Los Angeles Employees commits $180m to an Angelo, Gordon real estate fund by Lewis Dayton The Los Angeles County Employees Retirement Association (LACERA) has committed $180 million to Angelo, Gordon Europe Realty Fund (AGERF) IV.
People | Dec 20, 2023 Texas Municipal Retirement System hires Yup Kim as new CIO by Lewis Dayton Texas Municipal Retirement System (TMRS) executive director David Wescoe announced today that Yup Kim, investment director and head of investments for private equity at the California Public Employees Retirement System (CalPERS), will become TMRS’ chief investment officer on January 15, 2024. Kim replaces Dave Hunter, who announced his retirement in early November and who will be leaving TMRS in January.
Investors | Dec 19, 2023 Illinois Retirement commits $109m to Ares Property Enhancement Partners IV by Lewis Dayton The Illinois Municipal Retirement Fund (IMRF) has committed €100 million ($109 million) to Ares Property Enhancement Partners (APEP) IV.
Investors | Dec 19, 2023 Mine Super and TWUSUPER unveil merged fund name by Andrea Zander Industry funds Mine Super and TWUSUPER have announced that in 2024 the two funds will merge together under the new name Team Super.
Investors | Dec 19, 2023 Warburg Pincus forms South Korea logistics JV with MQ Group by Released U.S. private equity firm Warburg Pincus has plans to form a joint venture in South Korea with MQ Group.
Transactions | Dec 19, 2023 Invesco Commercial Real Estate Finance Trust announces three loan originations totaling $231.5m by Released Invesco Commercial Real Estate Finance Trust has closed three loan transactions in fourth quarter 2023.
Transactions | Dec 19, 2023 TPG acquires majority of Oxford’s greater Toronto area industrial portfolio for $970m in new JV by Andrea Zander TPG has acquired a 75 percent interest in Oxford Properties Group’s two class A industrial business parks in the greater Toronto area.
Transactions | Dec 19, 2023 CapitaLand India Trust completes acquisition of two industrial facilities at Mahindra World City, Chennai by Released CapitaLand India Trust Management Pte. Ltd., the trustee manager of CapitaLand India Trust (CLINT), has completed the acquisition of Casa Grande – Phase 2.
Investors | Dec 19, 2023 Alternative Investment Exchange enters partnership with Virtus Real Estate Capital by Released Alternative Investment Exchange has expanded partnership with Virtus Real Estate Capital.
