February 22, 2016
Interviewed by: Zoe Hughes
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Why RE Needs a True Secondaries Market

Jim Valente, head of real estate at MSCI, says the private real estate investment industry is still lagging in developing a genuine secondaries market, despite highprofile fundraises and deals, not least Blackstone’s $3B acquisition of 43 fund interests from the California Public Employees’ Retirement System in November 2015.

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