Meghan Morris is the senior Americas reporter for PEI Media’s private markets real estate title PERE. Based in New York, Meghan covers news and trends in the private equity real estate industry and is responsible for PERE’s social media engagement. She has previously written for Bloomberg, Crain’s Chicago Business and various business-to-business publications. Meghan received undergraduate and graduate degrees from the Medill School of Journalism at Northwestern University.
Dollar volume climbed $1bn year-on-year as endowments reduced their legacy fund portfolios and fund sponsors continued to recapitalise funds and partnerships.
In an unusual real estate secondaries deal that one executive called a ‘no-brainer,’ the $8.6bn pension system is trading six assets for a $250m interest in an open-ended fund.