Zoe Hughes

As California’s Fair Political Practices Commission investigates 49 CalPERS investment staff for gift reporting, CalSTRS investment officials say they ‘stand by and support’ their counterparts.

TPG and Oaktree are partnering with former Intrawest founder Joe Houssain to buy the US and Canadian operations of Taylor Wimpey in a $955m deal.

Mark Burgess will take over as general manager in the middle of the year from CIO David Neal.

Daniel Mudd will challenge a ‘Wells notice’ served by the SEC, as the federal agency investigates the conduct of Fannie Mae and Freddie Mac in the run-up to the financial crisis.

The firm - which reported a 29% increase in its private equity portfolio during the past year - has now fully invested its fifth private equity fund, according to president Tony James.

The Washington DC-based firm has named 15 new managing directors including Brian Bernasek, Andrew Marino and Juan Carlos Felix, alongside 20 promotions to principal/director.

Avi Banyasz, a 13-year veteran of real estate investment firm Westbrook, will help the private equity giant push further into the real estate asset class.

The nursing home chain taken private by Carlyle for $6.3bn in 2007 will sell 338 skilled and assisted living facilities to healthcare-focused REIT HCP.

The $4.7bn global opportunity fund has purchased the restructured mezzanine debt secured by Blackstone’s Hospitality Europe portfolio after the properties’ senior mortgage was renegotiated.

The race for ING REIM nears a conclusion with TPG, CBRE, Jones Lang LaSalle and Ares Capital Management all submitting final bids. Some of the finalists, though, have come as a surprise to the industry.