Real Estate
The plan will target core/core-plus and non-core real estate this year.
A private foundation and a healthcare and insurance company were some of the institutional investors to commitment to a private equity real estate impact investment fund that raised $140 million.
The fund reviewed roughly $1.7 billion in intended private equity and real estate commitments this week.
The pension system disclosed recent commitments across real estate, private credit and private equity.
The retirement system added the two new asset classes as part of a completed asset allocation study.
The plan’s investment consultant is conducting a search for real estate managers to form a joint venture targeting value-add industrial real estate projects.
The commitments were made across private equity, credit and real assets totaled $725 million.
Nuveen announced today the closing of a separately managed account for the $346.5 billion California State Teachers’ Retirement System.
The retirement system committed to three existing manager relationships in the past two weeks.
The university is barring investment decisions that are based primarily on environmental or social factors in light of a new state law, while its outsourced cio looks to increase private real estate allocations.