Wednesday, 20 August 2014
Last updated 1 hour ago
Dec 2 2010 | 7:58am ET
The California Public Employees’ Retirement System has moved management of a $3.4 billion industrial real estate portfolio to the Menlo Park-based private investment firm GI Partners.
CalPERS says GI Partners will both manage and invest in its CalEast Global Logistics portfolio, which owns and operates industrial, logistics and infrastructure-oriented real estate in the U.S. and Canada.
GI Partners has tapped former KKR partner John K. Saer Jr. to oversee the portfolio as managing director and executive chairman of CalEast business.
CalPERS first turned to GI Partners in 2000, awarding the firm an initial $500 million mandate. Since then, the GI team has returned over $1.1 billion of proceeds to CalPERS on its U.S. transactions and the overall North American portfolio has achieved an annualized net return of 30% since 2001. The latest transfer makes GI Partners responsible for assets and investments worth about $7.5 billion.
Founded in 2001, GI Partners is a leading private investment firm that focuses on control-oriented investments in asset-backed businesses and properties across North America and Western Europe.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note