Evelyn Lee
The $160.4 billion pension plan intends to add more senior investment professionals, particularly in alternatives, and rely less on outside consultants for due diligence and underwriting in the future.
The $40.5 billion pension plan has allocated $200 million each to three firms that have been selected for a real estate equity manager mandate.
The $14.85 billion pension system plans to conduct a search for new advisory firms, including potentially its first real estate-focused consultant.
Despite the greater scarcity of traditional real estate investment opportunities, the Los Angeles-based private equity real estate firm still remains bullish about investing in the asset class, particularly in areas of capital dislocation.
The Washington, DC-based private equity real estate firm is in the market with its third pan-Asian real estate vehicle, with a first close anticipated this summer.
The $62.2 billion pension plan has agreed to invest in the Dallas-based private equity firm’s latest fund, which will target distressed debt, distressed real estate and real estate entities.
The New York-based fund manager has amassed more than half of its target for its first US residential vehicle.
The Chicago-based multifamily investment firm has brought on its first in-house investor relations person, following the recent launch of its latest real estate fund.
The $260 billion pension plan has selected the firm as a new manager for its multifamily real estate program. Meanwhile, another public institution has terminated its relationship with Invesco as one of its core real estate managers.
The $88.9 billion pension plan also expects to transfer four real estate operating companies that it currently manages internally to the newly formed intermediary.
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