Venture capital and private equity boosted their valuations mightily in the past 20 years.
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
KKR sells seven college lodging projects for $725 million.
The Common Retirement Fund allocates nearly half of the month’s commitments to real estate investments.
Its purchase of a stake in a swanky NYC tower shows there’s demand for the new stuff. But older buildings are struggling.
The buyout firms are increasingly popular among institutional investors—Carlyle just raised $27 billion.
Blackstone chief sees Biden’s planned boost for the capital gains levy as spurring more deals.
And where the Grave Dancer is branching out into other things instead, juggling businesses like logistics, health care, and energy.
Institutional investors like Arizona’s pension plan have done pretty well with this newly popular asset class.