Pensions
Real Estate, Public Equities Boost CalPERS’ Climate Investments to $60B
The allocation is up from $53 billion in 2024 and $47 billion midway through 2023 while working toward its $100 billion goal.
Tag: Real Estate
Alternatives
Japan’s GPIF Creates Alts Database as It Expands Exposure to Asset Class
The pension giant’s alts holdings have ballooned to $27.3 billion from $1.3 million over the past decade, with room to grow.
Corporate Moves
Federated Hermes to Take 80% Stake in Multifamily Real Estate Manager
Maryland-based FCP will add a $3.8 billion platform brings Federated into the U.S. real estate market and expands its presence in private markets.
Asset Allocation
New York Pension Earmarks More Than $1B, Continues to Shun Public Equities
The New York State Common Retirement Fund has now gone nine of the past 11 months without allocating a dollar to public equities.
Asset Allocation
NBIM Acquires NYC Office Tower for $542.6 Million From CalSTRS, Silverstein
Norges Bank Investment Management will own 95% of 1177 Avenue of the Americas.
Corporate Moves
LaSalle Raises $700M in Commitments for Real Estate Debt Strategy
The firm will lend to multi-family properties and multi-tenant industrial properties across the U.S.
Newsmakers
Chad Tredway Named Global Head of Real Estate at J.P. Morgan Asset Management
Tredway was promoted from his current position as head of real estate for the Americas.
Newsmakers
Nuveen Promotes Phillips to Global Head of Real Estate
Phillips now oversees a $141 billion portfolio of commercial real estate investments.
Alternatives
NYSCRF Bulks Up on Real Estate Investments in December
The $275 billion pension giant committed more than $2 billion in total for the month.
Alternatives
Canadian Pension Plan Strikes 2 More Real Estate Deals
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
Alternatives
Institutional Investors See Resilience in Commercial Real Estate
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
Asset Allocation
CDPQ’s Ivanhoé Cambridge Sells 49% of News Corp. Building
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
Alternatives
Most LPs Wary of Sports Investments, Survey Finds
Despite growing popularity, 81% of PE fund investors reported that the risks of sports funds are too great, per a survey from Coller Capital.
Asset Allocation
New York State Pension Earmarks $850M for Private Equity, Credit Investments
The quiet month was preceded by a two-month, $7.6 billion investing spree.
Asset Allocation
New York State Pension Commits $4.6B in Investments in September
More than half is earmarked for its opportunistic absolute return strategies and credit portfolios.