Pension Fund

CalPERS looks to ‘move up the risk curve’ in real estate

The largest US pension fund eyes non-core funds for its next round of allocation to the asset class.

CalPERS anchors Nuveen’s US affordable housing fund

The California pension plan’s backing of the vehicle marks its first investment with the New York-based manager.

PSERS makes first real estate commitment of 2024

The pension plan has made significant headway toward its annual pacing target with a $300m investment in Carlyle Realty Partners X.

Aware Super hires ex-Patrizia exec as European property lead

Mathieu Elshout, formerly head of sustainability and impact investing at Patrizia, will join the Australian superannuation fund in London.

‘Property skills’ take on greater importance in a shifting market

An increasing focus on creating cashflow and upgrading buildings has changed how investment skills are prioritized, said panelists at INREV’s North America event.

Sterling Organization’s retail fund becomes oversubscribed

The decline of the five-day commute has been a boon for suburban retail, according to the manager.

Pennybacker closes on fourth-largest real estate fund this year

The firm, which closed $100m over its target for Fund VI, is part of a growing percentage of managers beating their fundraising goals.

NPS forms a dedicated real estate platform investment team

The investor is looking to play a more active role in acquiring GP and operator stakes as well as co-creating real estate platforms.

Former Blackstone exec finishes debut fundraise in nine months

Town Lane, founded by Tyler Henritze, closed the fund at its hard-cap without the help of an IR team or placement agent.

Mineworkers’ Pension nears end of ‘difficult’ office sales

The UK pension fund is close to divesting all of its secondary office holdings as it looks to rebalance its overall real estate portfolio.