Pension Fund

La Caisse’s Horstmann: ‘We’re not shying away from the US’

The Quebec pension has committed $3.3bn to US real estate since the start of 2025 as it recycles its portfolio to aim for higher returns.

LACERA’s real estate head departs after two years

Terri Herubin was charged with overseeing a major restructuring of the California pension plan’s property portfolio.

Australia’s Rest eyes US property in private markets ramp-up

Private markets head Marina Pasika on why the superfund avoids ‘bucketing’ its portfolio by asset class and how its thematic view extends to unlisted real estate.

Ohio Teachers to focus on income-producing assets as it repositions portfolio

The pension fund with $8bn in real estate holdings plans to continue selling office assets and limit its REIT exposure while prioritizing industrial and retail.

GPIF names sole head of real estate

Only one of the pension giant’s property co-heads will now lead the business, ending a dual-leadership structure introduced in December 2024.

Aware Super makes debut commitment to student housing

The Australian super fund has pledged €426m to a venture that will also provide its first exposure to German real estate.

Public REITs’ balancing act

The new entrants have closed some of the largest private real estate funds this year, but can they serve two disparate investor groups?

Mississippi PERS sees early recovery from core managers’ rebalancing

Although the firms all leaned more heavily into niche strategies, they diverged on how to recalibrate their office exposures going forward.

BCI’s private real estate portfolio declines for third straight year

The sector, which represents 20% of the Canadian pension’s total portfolio, has been its only negatively performing asset class since 2023.

TPG Angelo Gordon adopts ‘top-down’ approach for latest flagship fund

The firm has a $3bn target and more rigid sector allocations for Realty Value Fund XII, the first launch in the global series since Angelo Gordon’s acquisition by TPG in 2023.