Real Estate
The real estate private equity arm of Kayne Anderson Capital Advisors closed its largest opportunistic equity fund to date.
The retirement system expects to conduct finalist presentations at its Nov. 12 investment committee meeting.
The retirement system’s sole REIT manager handles $17 million.
The deferred compensation plan will vote to hire a new REIT manager at its June meeting.
The pension system added up to $175 million in new commitments in April.
The pension plan approved a pair of real estate commitments at a board meeting last week.
The retirement association was notified of two real estate commitments and one private equity commitment last week.
The retirement system made seven private markets commitments totaling $35.6 million last month.
The firm hired a managing director to help lead its European Real Estate business after sourcing, underwriting, negotiating and structuring debt investments in Europe for a prominent manager.
The plan will commit a total of $330 million to the asset class for fiscal year 2026-2027.
