Sacramento County Employees' Retirement System (SCERS)

The pension is weighing one of its largest real estate deployments to date as part of an ongoing push for geographic diversification.

The public pension fund committed to two funds focused on the multifamily/residential sector.

Sacramento County Employees' Retirement System plans on targeting $270m for its 2025 private real estate investment portfolio.

The US public pension fund has approved a target of $120m to private real estate in the new year.

The opportunistic vehicle from Seven Seas Advisors is understood to have gathered capital from nine overseas investors, including Partners Group.

The US public pension has backed an Asia focused fund.

The US public pension is in the midst of rebalancing their real estate exposure while the real assets allocation is being built out.

The US public pension has backed a North America focused fund.

Nuveen’s acquisition of London-based asset manager Schroders is slated to form a $2.5 trillion asset management titan with a private real estate exposure at around $172 billion. Madrid-based insurer Mapfre is looking to diversify its property portfolio and seek opportunities outside the office market, investment manager-owning listed brokers experience stock rout because of AI bubble fears and more in today’s digest, exclusively for our valued subscribers.

This week’s top story highlights a contrarian effort in one of real estate’s most challenged sectors of recent years: life sciences. Eyeing opportunity in the wake of a broad retreat from the category, Tishman Speyer-backed Breakthrough Properties is back with a second fund with $430 million in initial commitments to show for it. Elsewhere, retrenchment wears on as Ontario Teachers cuts its Asia real estate team, prime offices enjoy a global rent bump, Sixth Street bets on San Francisco and more in this week’s digest, exclusively for our valued subscribers.

This week marks the hotly anticipated release of PERE’s annual comprehensive ranking of private real estate’s largest capital raisers. The 2025 edition of the PERE 100 and PERE 200 includes some significant changes from last year, and the volatility says a lot about the state of real estate fundraising. Elsewhere, NBIM and EQT make high-profile exits in Tokyo; Nuveen leans into private wealth; Grosvenor and AEW make senior appointments and more in this week’s briefing, exclusively for our valued subscribers.

A $2 billion fundraising blowout by up-and-coming fund manager Jadian Capital tops the real estate headlines this week, and PERE has all the details. Meanwhile, Swiss Life has a new head of real estate, Hines takes its private wealth playbook to Europe, NBIM gets into student housing and much more in this week's briefing, exclusively for our valued subscribers.

Private real estate's M&A takeover continues this week with Barings' acquisition of PERE 100 manager Artemis Real Estate. Meanwhile, PAG closes its largest-ever opportunistic fund, PGIM heralds its return to office buying, Pretium brings in a veteran capital raiser and more in this week's briefing, exclusively for our valued subscribers.

PERE's latest fundraising report, out this week, confirms how 2024 was an extraordinarily difficult year for real estate managers. Will things turn around in 2025? A string of mega-deals suggests buyers and sellers are finding common ground. Leading the way is Korea's NPS, with nearly $2.4 billion in commitments to a pair of real estate ventures. Elsewhere in the industry, AustralianSuper picks up a 50 percent stake in Oxford Properties' European logistics platform, GIC names its next Americas real estate chief, US multifamily managers land in regulators' crosshairs and more in this week's briefing, exclusively for our valued subscribers.

Private real estate executives share their strongest convictions and boldest predictions for the next market cycle at the PERE Network America Forum; emerging manager Temerity Strategic Partners achieves its first fund close with help from a major investor; UK manager Octopus sets its sights on Europe; Hong Kong developers fortify their investment management positions and much more in today's briefing, exclusively for our valued subscribers.

Capital is flying across the global real estate markets this week as US manager Ares closes the year's biggest Europe-focused fundraise; UK pension and insurance giant Legal & General makes a big bet in the US with the acquisition of a stake in Taurus Investment Holdings; Canadian pension giant CPP Investments and Australian superannuation fund Aware Super announce major joint ventures targeting the UK; and much more in this week's briefing, exclusively for our valued subscribers.