Graham Winfrey

General Atlantic is exiting its minority position in healthcare management company Qualicorp as Carlyle takes control.

Shares of Kohlberg Kravis Roberts fell 2.9% in the firm’s debut on the New York Stock Exchange Thursday, after a strong final two weeks on the Amsterdam Euronext heading into the relisting.

Former Blackstone executive Harry Wilson, running to be New York's next comptroller, wants to build an additional layer of protection to the pension's investment process.

The Blackstone Group has granted a number of investors additional time to make commitments to its Blackstone Capital Partners VI fund before making a final close.

The Dallas-based investment management firm has named Steven Delarosa managing director of investor relations, a newly created position.

LNR Property will launch a $400m rights offering to recapitalise its business. The firm, the parent company of the largest special servicer in the US, LNR Partners, has engaged Goldman Sachs and Bank of America Merrill Lynch for a new $445m loan which, together with the rights offering, will refinance a $868m senior loan.

Bill White, president of New York City’s Entrepid museum, has reportedly stepped down. The New York Attorney General's office had subpoenaed White’s firm about fees it received from City Investment Fund, the real estate investment platform established by affiliates of Fisher Brothers and Morgan Stanley Real Estate.

The $16.7bn Austin-based Texas Municipal Retirement System has hired consultant ORG to help it add real estate as a new asset class. Texas MRS aims to allocate 10% of its portfolio to real estate over the next ‘several’ years.

The $21bn Austin-based retirement system will increase its overall real estate portfolio from 2% to up to 8% as part of a long-term diversification strategy, investing up to $600m in the next two years.

The California Public Employees’ Retirement System considers ban on investments with private real estate fund managers looking to convert rent stabilised apartments into market rate units, a strategy employed in the Peter Cooper Village and Stuyvesant Town deal in Manhattan.