Allocation Strategy

Regional retrenchment: ‘Financial engineering trumping local knowledge is over’

This episode of The PERE Podcast discusses ICG’s retrenchment from Asia, following a line of Western managers doing the same. We also speak to Goodwin Gaw, chairman of Gaw Capital, about his views on the current trend and the firm’s renewed focus on the region.

The ‘$1 trillion club’: Evolving capital markets create a higher tier of managers

This episode of The PERE Podcast looks at how a quest by private markets’ biggest managers to service private wealth and insurance capital alongside institutional investors is creating a set of industry behemoths.

CalSTRS’ current real estate refocus is demonstrably including more credit

The $370bn Sacramento-based pension fund has moved to support more multifamily and industrial-focused strategies, including a $250m commitment to Greystar’s second real estate credit fund closing this week.

Real estate target allocations fall for first time in over a decade

Hodes Weill and Cornell University’s annual report finds institutions lowered targets 10bps on average in 2025, the first decline in the survey’s 13-year history.

Deep Dive: The performance metric that has become ‘top of mind’

Pressure for payouts mounts as many 2020- and 2021-vintage funds continue to generate little to no distributions.

CalSTRS makes $750m of debt commitments in H1 2025 

The $370bn system invested $250m in a Greystar fund and allocated $500m to other commercial real estate debt.

Cottonwood holds final close for special situations strategy on $1bn

The Los Angeles-based manager has used the fund to add exposure to logistics, data centers, multifamily and mixed-use assets.

Texas ERS names new head of real assets

Head of private real estate Amy Cureton takes over for longtime real assets lead Bob Sessa, who has retired after 25 years with the fund.

Invesco funds $390m Houston multifamily acquisition loan

The Atlanta-based manager doubles down on high-quality properties in key markets with accelerating lending activities.

Korat takes the reins at Savills DRC IM as Lattanzio steps back 

Korat has assumed the role with immediate effect as Lattanzio retires.