In an online post, President Donald Trump wrote that he intends the measure to mitigate the housing crisis resulting from an upward spiral of costs.
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
The $275 billion pension giant committed more than $2 billion in total for the month.
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
The quiet month was preceded by a two-month, $7.6 billion investing spree.