The corporate man
Allstate Investments manages more than $125 billion (€96 billion) of assets for its parent company, approximately $18 billion of which is invested in real estate. Edgar Alvarado, a 14-year veteran at Allstate, oversees the group's $1.5 billion private equity real estate portfolio, which has generated a net return of almost 20 percent since its inception in the early 1990s. Today, Alvarado, who recently committed to funds managed by Beacon Capital Partners and The Blackstone Group, is looking to grow Allstate's commitments to the asset class to $1 billion per year. Here, he gives us his take on Blackstone's IPO filing, the market for real estate talent, and the lack of communication in the LP community.
22 January 2013•4 mins read
