Pension Fund

The PERE Podcast brings a dispatch from the annual trade show in Munich, where managers and investors accepted a clouded market outlook for Europe.

The Canadian pension’s entry into the market was supported by deepening capital markets and travel tailwinds, says country head Hari Krishna.

PERE’s investor ranking has recorded its highest-ever aggregate allocation to private real estate. But its growth says more about asset repricing than increased activity.

PERE’s 2026 ranking of the world’s largest private real estate allocators has recovered the ground it lost last year, and then some.

The super fund’s CIO says the investor is now playing catch-up on real estate deployment after a period of sitting on the sidelines.

With commitments from NPS and its own life insurance business, the $700m fund is the UK asset manager’s first value-add commingled offering in the region.

The Alberta pension has hired Dan Teper, a former real estate specialist at the Abu Dhabi Investment Council and Brookfield, to oversee its C$26.5bn property portfolio.

The Los Angeles-based manager’s PCCP Equity X and PCCP Credit XI both rank among the top 10 largest funds closed this year.

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 pension fund sees less correlation to geopolitical shocks, lower borrowing costs and broader sector choice compared with the US and Europe.