Church of England to review PE holdings
The revelation that an LP commitment to Accel Partners' 2009 fund makes the church an indirect investor in Wonga, a payday loan provider it has publicly criticised, has prompted the church to review its entire portfolio.
New Jersey reveals fund interests to be sold
The $75.64 billion pension system disclosed the names of all 25 fund interests in its massive real estate secondaries offering yesterday. It also committed $185 million to Prologis’ second open-ended core fund focused on Europe.
Denmark’s PFA buys €100m secondary portfolio
Non-traditional buyer steps in to buy a limited partner position in Nordic Real Estate Partners’ logistics fund from Swedish pension fund SPP.
New Jersey lands buyer for RE secondaries
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.
Blackstone buys Credit Suisse’s $9bn secondaries platform
The New York-headquartered firm is expanding its alternatives franchise with the acquisition of Credit Suisse’s 'Strategic Partners' group.
New Jersey makes largest-ever real estate commitment and moves forward with secondaries
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.
North Carolina considers secondaries
The $78.1 billion pension system is weighing the possible sale of fund interests in its real estate portfolio.
Electra snaps up more secondaries
The firm has purchased five fund stakes from a bank just a week after purchasing a £160m portfolio of assets from UBM’s data services division.
Advantage in 7x Japan secondary sale
Advantage Partners will sell a coffee shop franchise to MBK Partners for about $480 million, highlighting a growing trend of GP-to-GP secondaries in Japan.
New Jersey explores $1bn real estate secondaries sale
The $70.8 billion pension system is considering a massive sale of real estate holdings in a continuing effort to cull under-performing or redundant investments from its portfolio.