News

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.

Income Insurance to rethink real estate strategy amid macro challenges

The Singaporean insurer is exploring new investment strategies – including credit – to optimize returns in a higher cost environment.

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.

BDT & MSD backs launch of US light industrial platform 

Founded by former Black Creek and Ares execs, Speed Bay Warehouse Solutions has scored $250m from BDT & MSD to acquire multi-tenant warehouses.

Mubadala names real estate chief Nordell as new infra head

Nordell has replaced Saed Arar, who had been with the UAE sovereign wealth fund for 20 years, effective from the beginning of May.

Barings to acquire Moorabbin Airport with Aware and Rest for A$1.5bn

The property has been considered a real estate asset since current owner Goodman Group purchased it in 2010.