Homeplus deal highlights LP shift to direct
Large asset owners are increasing direct stakes in private assets instead of using funds.
When Canada Pension Plan Investment Board announced on Monday, September 7 that it was taking a $534 million co-investment into Homeplus, the Korean unit of retail chain Tesco, it highlighted a growing preference for direct access to assets.
“Increasingly, LP investors are moving away from passive fund investments into direct real estate investments, alongside experienced operators,” said Stuart Crow, head of Asia Pacific capital markets at real estate services firm Jones Lang LaS…
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