Pension Fund

Affinius nears $1bn raise for first data center fund

The Texas-based manager has pulled in $905m to date for the US-focused vehicle, backed by investors including Canadian pension La Caisse.

Danish pensions anchor first close of Urban Partners’ regeneration fund

PensionDanmark and SamPension are both backing the Northern Europe-focused vehicle as first-time investors with the Copenhagen-based manager.

Investors are writing real estate checks, just not necessarily to funds

Capital allocators’ demand for bespoke vehicles means attracting capital to traditional commingled funds remains tough.

CalPERS discloses $800m in commitments to Sculptor, BGO

The California pension giant committed $6.3bn to real estate funds altogether last year.

NPS pivots towards more bespoke vehicles in real estate

The Korean investor is leaning into club deals, SMAs and direct investments to sharpen strategy, cut costs and speed up investments.

Oregon State Treasury considers trimming RE allocation

The investor plans to maintain a ‘conservative’ posture in the asset class amid recommendations to rebalance its portfolio.

NBIM and Canadian pensions back TPG in $2bn US retail deal

San Francisco-based TPG is acquiring grocery-anchored strip mall specialist ECHO Realty in partnership with Norwegian wealth fund NBIM and Canada’s PSP and La Caisse.

Brookfield forms C$1bn industrial JV with pension-owned developer

The firm partnered with Vancouver-based Concert Properties on a 50:50 venture involving a 5 million-square-foot Canadian logistics portfolio.

CPP Investments adds first dedicated hospitality strategy in Korea

The strategy builds on the Canadian firm’s recent hospitality investment in Japan.

Affordable housing or returns: The development equation

The need for affordable accommodation is acute, and an increasing volume of private capital is available to the sector, but making development projects ‘pencil’ remains challenging.