Los Angeles City Employees' Retirement System adopted a new asset allocation, increasing private equity by 2 percentage points to 16%.
The majority of international investors surveyed intend to increase their investment in U.S. real estate in the next three to five years.
Apollo Global Management reported $461.1 billion AUM as of March 31, up 1.2% from Dec. 31 and up 46.1% from a year earlier.
After nearly 20 years as CalSTRS CEO, Jack Ehnes is retiring and reflecting on his tenure at the nation's second largest pension fund.
Ares Management reported assets under management rose 5.1% in the first quarter and 39.4% for the year to $207.2 billion.
Blackstone said assets under management rose 4.9% to $648.8 billion as of March 31, hitting an "industry record."
Alternative investment managers’ combined assets under management grew 5.1% to an all-time high of $7.4 trillion in 2020.
Ares' dividend recapitalization of portfolio company DuPage Medical has drawn criticism from Moody's.
James S. Corl joined Cohen & Steers as an executive vice president to head the REIT manager's new private real estate business.
Ares' new Pathfinder fund seeks to earn returns for investors and donate to charity.
Resmark and Townsend clients have launched a strategy to buy and lease model homes back to developers.
Ares Management's latest real estate fund surpassed its $1.5 billion target and raised 70% more than its predecessor fund.
Industrial properties could occupy a larger slice of asset owners’ portfolios due to huge investor interest.
Vision Ridge Partners closed its latest sustainable real assets fund, Sustainable Asset Fund III, at its $1.25 billion hard cap.
CalSTRS is buying five commercial properties in Southern California for $320 million, as part of its move to make more direct investments.
Cerberus Capital Management closed its latest global opportunistic real estate fund along with a separate vehicle at about $2.8 billion.
Scott Soussa, a senior managing director and co-head of Blackstone Group's general partnership stakes business, is leaving the firm.
The Pension Real Estate Association announced the winners of its inaugural real estate investment management ESG awards.
Oaktree Capital Management raised about $4.7 billion with its largest real estate fund and related investment vehicles.
Apollo Global Management's merger with Athene Holdings is the latest in a flurry of deals between alternatives managers and insurance firms.
Former CalPERS board member J.J. Jelincic is suing the fund over documents related to the August resignation of former CIO Yu "Ben" Meng.