real estate

The pension committed $100m to Landmark's real estate secondaries fund, the first it has made with a secondaries manager that is not Ardian or Lexington.

North Carolina Department of State Treasurer made a $250m commitment to the fund.

Patrick Knechtli, a partner with SL Capital Partners, is leading the merged entity's private equity secondaries business.

Greenhill's Bill Thompson has joined the firm's PCA group as co-chief executive alongside Nigel Dawn.

The French private investment unit's plans include a €175m 'hybrid fund of funds' with secondaries and co-investment pockets.

The Carlyle subsidiary has been in market since January last year seeking $1bn to invest in real estate secondaries.

But is the firm’s Swiss secondaries rival paying as much attention these days?

The firm's eighth dedicated real estate fund closed above target on $3.3bn and is already 42% deployed.

Private equity and real estate secondaries funds are seeking around $9bn more compared with the first quarter of last year.

This is the Californian pension fund's first real estate secondaries commitment and first investment with the Swiss firm.