Zoe Hughes

The Governor of Pennsylvania, Edward Rendell, calls for more public-private partnerships amid warnings that American infrastructure is ‘crumbling’ and needs more than $1.6tr in improvements.

The Los Angeles-based fund tied to basketball legend Magic Johnson, Canyon-Johnson Urban Fund, has closed its third vehicle on $1 billion saying its strategy of revitalizing urban neighborhoods across the US is a proven success.

The $1.1 billion Baylor College of Medicine endowment fund in Texas says it is planning to commit up to 10 percent of its funds, around $100m, to the real estate asset class in a bid to secure long-term returns.

The Cincinnati-based real estate investment firm says distressed neighborhood shopping centers are proving an attractive niche market despite the general economic downturn.

Chief executive Stephen Schwarzman says sovereign wealth funds are being made to feel unwanted in the West amid intense scrutiny of their activities. It could, he warns, have a ‘chilling effect’ on their desire to invest.

LP Capital, a California-based firm that is also one of CalPERS’ advisors, beat out StepStone to replace Portfolio Advisors as the US pension’s private equity gatekeeper.

The private equity firm’s ninth real estate fund – the largest ever private equity real estate fund raised – will take advantage of current market dislocation.

The private equity firm said it had closed its ninth real estate fund and the largest fund ever raised as it promises to take advantage of the current market dislocation.

CBRE Investors has appointed 24-year real estate veteran Ethan Penner as executive managing director to take advantage of the current market turmoil.

If clarity were a commodity trading on the world’s stock exchanges its price would be going through the roof right about now.