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Staff Writer

The head of the European fund of funds' Hong Kong secondaries team, Neal Costello, has left after less than one year in the position.
The $75.6bn pension plan has agreed to sell a nearly $1bn portfolio of real estate fund interests to a new entrant to the secondary market.
The initiative introduced by Chinese regulators to allow private equity players to buy and sell companies more easily will likely offer lower quality assets, according to industry sources.
The $72.8 billion pension plan has approved an investment to Blackstone's new Asia-focused vehicle. It also announced an update to its real estate secondary offering.
The $78.1 billion pension system is weighing the possible sale of fund interests in its real estate portfolio.
The asset manager raised $500m more than its original target.
Real estate secondary transactions rose to record levels for the fourth year in a row, with a 20 percent increase in volume for the second straight year, according to new data from Landmark Partners.
The Connecticut-based fund of funds manager is back in the market with a new fund seeking $400 million to invest in opportunistic and value-added real estate vehicles as well as secondaries.
The $49.5 billion pension system will make sizable investments in new value-added funds from Blackstone and Paramount, as well as its own co-investment and secondary program.
Andrea Echberg, former head of infrastructure in the principal finance team at Societe Generale, has joined the London team of private equity and infrastructure investment firm Pantheon as partner and head of European infrastructure investments.
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