Allocation Strategy

NPS’s Kim: ‘We won’t shy away from smaller ticket size opportunities’

The team plans to invest in small to mid-sized managers, co-found new platforms, and accept investments under $100 million.

APAC managers are not immune from deployment challenges

Asia’s top real estate managers hold at least $65bn of dry powder, but are struggling to invest it.

US private equity firms inject £755m of capital to complete Wembley Park

The ‘significant’ capital injection allows Quintain to finalize the latest phase of the 85-acre estate.

STRS Ohio eyes up to five real estate commitments

The pension plan is targeting ‘niche-type products’ from experienced managers with a ‘strong sourcing network.’

Lazard: Liquidity is returning, albeit selectively

A recovery in activity levels is forming as institutional appetite turns positive during the first half of 2024, says James Jacobs, head of real assets for Lazard’s private capital advisory group.

Macquarie targets distress, decarbonization with new fund

The asset manager raised 60% of the commitments for its latest opportunistic real estate vehicle from new investors.

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.

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.

Alaska Permanent Fund dials back plans to boost real estate exposure

The endowment has proposed reducing its allocation target to the asset class in favor of stepping up activity in private equity.

CPP Investments further reduced real estate holdings in FY 2024

The Canadian pension plan posted a 5% loss in the asset class, blaming the poor performance partly on rising interest rates.