Korean Pension Giant Acquires Stake in US Private Equity Real Estate Firm
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
The $750 billion National Pension Service’s investment provides it with an undisclosed minority interest in San Francisco-based Stockbridge Capital.
AUM growth decelerates and fundraising softens, Preqin reports.
The $77 billion pension fund is also looking to hire an investment officer for corporate governance and stewardship.
They provide diversification, and use of them will grow, a Schroders survey finds.
Marking a third straight period of losses, the index’s EPS suffered in financials, real estate, material, health care and energy, a survey finds.
Prime Group allegedly did not disclose that $18 million in fund fees went to a firm wholly owned by its CEO.
The $254.1 billion pension giant also committed nearly $1 billion in July to a pair of investments within its credit portfolio.
They describe how higher rates have elevated the once-ignored asset class into a vital position.
The C$250 billion pension fund also netted a 4.8% return for the 12-month period that ended June 30.
The pension giant’s public equity portfolio returned 16.7% for the year, but the overall portfolio fell short of its 7% target.
Nearly half of the commitments were made to three private equity funds.
Morningstar says multi-family’s finances are even more precarious.
The world’s most populous nation is enjoying a stock market surge and appears poised for further investment.
The pension fund also rehired NEPC as its real estate investment consultant.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.