Brett Johnson
The Southern California pension is looking to deploy $700m into the asset class next year, with an eye for alternative sectors and discounted opportunities.
The platform bypasses managers such as Blackstone and Brookfield in favor of smaller, specialized firms for wealthy client portfolios.
The CIO of one of the largest US public pensions says he feels no pressure to quickly fill multiple senior vacancies.
Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.
The California public pension considers building its allocation to niche real estate strategies as it pares down its public REIT exposure.
The endowment is also optimistic about resilient office assets and a market rebound amid renewed leasing momentum.
The Ohio school pension’s CIO believes successful managers in the asset class will need to be ‘effective operators.’
The Arizona pension’s private markets head remains keen to recycle capital into new opportunities in an SMA-heavy real estate program.
The real assets director at the $130bn public pension intends to gradually expand its exposure to the asset class.
The California pension giant has shifted more capital to non-core real estate strategies over the past two years.