| In spite of concerns about how falling oil prices might affect sovereign wealth funds’ investment strategies, the funds’ have been steadily growing their assets under management well into March of this year, according to a report from London-based research firm Preqin. In fact, the proportion of sovereign wealth funds investing in real estate assets has grown to 59 percent in 2014, from 54 percent the year before.
For example, when private equity giant Blackstone closed its $14.5 billion real estate fund last month, the New Mexico State Investment Council was among the investors, with a $75 million stake. The fund manages the state’s permanent endowment fund and counts 19 government agencies among its clients...............................................Full Article: Source |