Theresa Agovino

The California pension giant committed $6.3bn to real estate funds altogether last year. 

If met, the fundraising goal for the manager’s latest flagship vehicle would place it among the largest single-sector funds ever raised.

Founded by former Black Creek and Ares execs, Speed Bay Warehouse Solutions has scored $250m from BDT & MSD to acquire multi-tenant warehouses. 

The Los Angeles-based manager’s over-subscribed seventh flagship opportunistic fund will focus on medical offices as well as senior and student housing.

CPP committed significant funds to data centers around the globe as it continued to pare back on retail and office investments.