Annabelle Ju
The $74bn pension fund also earmarked $50m to a real estate fund at its latest meeting.
Speakers at the PERE CFOs and COOs Forum emphasized the importance of creating an even playing field for private real estate investors across regions.
The $2.1bn pension has so far generated $245m in cash inflows from a series of secondaries sales that began in December.
The pension system also recently hired a chief investment officer from the Public Employees Retirement Association of New Mexico.
The $14.5bn pension, which has 3.4 percent of its assets in real estate, is searching for a replacement; deputy CIO Jude Perez is serving as CIO in the interim.
The $311bn pension fund’s former CFO left last month in pursuit of a similar position at her alma mater in British Columbia, Canada.
The UC Board of Regents will up its PE allocation for its $9.9bn endowment at the expense of public equities and fixed income, but said it will take its time and doesn’t want to ‘just fill a box’.
The pension plan is under contract to sell interests in seven property funds as part of a larger secondaries transaction by the end of the month.
Like others in the series, the new fund, which targeted $5bn and closed earlier this week, focuses on PE control investments, corporate and consumer debt, real estate and real estate debt.
The Connecticut system of pension funds named Laurie Martin deputy CIO to replace Deborah Spalding, who became CIO in July 2015.
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