Nest Commits $750M to Timberland Fund
The U.K.’s largest workplace pension will gain exposure to the asset class through BTG Pactual TIG.
Manager Selection
Penn SERS Makes $1.5B in Fixed-Income Commitments
The Pennsylvania State Employees’ Retirement System allocated to three strategies and maintained its assumed rate of return.
Octopus Australia Wins $650M Mandate From APG
The renewable fund manager will deploy assets from the Dutch pension fund to clean energy transition projects.
Austin City Pension Selects Albourne as Private Markets Consultant
COAERS recently approved an increase to its allocations to alternative investments.
Texas Permanent School Fund, Velocity Back $500M Collegiate Sports Initiative
Sports agency Elevate announced the Collegiate Investment Initiative, designed to provide capital for college sports-related investments in the wake of the House v. NCAA settlement.
Illinois Municipal Retirement Fund Commits $300M to Real Assets, Alts
The IMRF made commitments with Blue Owl Real Estate, Khosla Ventures, Charlesbank Capital Partners and Great Hill Partners.
NYC Pensions Sell $5B in Private Equity Secondaries to Blackstone
The sale received interest from more than 80 potential bidders.
Nest Seeds New Infrastructure Debt Fund With $708M Investment
The U.K. pension and IFM Investors intend to focus on the European market.
NBIM Commits $800M to Blackstone Logistics Real Estate Fund
The strategy will invest in warehouse properties across the U.S. and Canada.
CalSTRS Invests in ABS Global Investments’ Emerging Markets Platform
The $3.7 billion strategy works with local specialists to target stocks in emerging market countries and regions.
Maryland Pension, Barings Form Partnership for Infrastructure, Emerging Managers
The Maryland State Retirement and Pension System will join forces with the asset manager to launch a $250 million real assets program.
CalSTRS Chooses Nuveen for $150M Self-Storage Mandate
A new commitment from the California teachers’ pension fund’s $46 billion real estate portfolio was announced.
CalPERS, CalSTRS to Host Emerging, Diverse Managers Conference
The two-day forum will be held in Sacramento in May.
NBIM Appoints Nicolai Tangen to 2nd Term as CEO
Originally named to the post in 2020, Tangen will serve another five years managing Norway’s $1.8 trillion sovereign wealth fund.
UK Pension Replaces State Street With Invesco, Amundi for $35B Mandate
The $40 billion People’s Pension’s moved the vast majority of its assets away from State Street Global Advisors to stay aligned with the fund’s responsible-investment policy.