Meghan Morris
The asset management behemoth says its research build-up is a response to growing client demand for real estate and infrastructure.
Ted Eliopoulos joined CalPERS in 2007 and will step away by the start of 2019.
With data centres blurring the lines between infra and real estate, sister publication PERE writes how one Bethesda, Maryland-based private equity real estate firm's 2005 data centre investment evolved from a pure real estate play into something more akin to an operating company.
Jerry Gates, who has led the firm’s real assets platform since 2011, is handing the reins for the position to the leadership team from Real Assets Portfolio Management.
The $2.5bn pension system’s executive director allegedly arranged ‘for impromptu meetings with investment firms to justify travel expenses.'
The investment manager is teaming up with Digital Bridge to raise up to $3bn for the vehicle.
The pension system adopted the last of its eight-point framework for investment policies across asset classes, using similar language to the California Public Employees’ Retirement System.
The Canadian pension and Singapore sovereign wealth fund GIC are making an $800m bet on the property type with newly-formed Mount Elbert Capital Partners.
Tony James, who joined the firm in 2002, will become executive vice chairman.
Albourne America replaced Aon Hewitt to oversee the $29.7bn retirement system’s investments in real estate, private equity, credit and real assets.