Chart of the Week: Asia-Pacific LP Segmentation

Pension funds make the majority of limited partners in Asia-Pacific

 COW 3-4 411x

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PERE Research & Analytics profiles over 300 Asia-Pacific limited partners that invest or have invested into private real estate. A majority of these institutions are pension funds, which comprises 28 percent of the 362 institutions profiles. The largest pension fund in the region, as well as globally, is the Government Pension Investment Fund of Japan whose assets under management stood at ¥137 trillion, as at the end of Q3 2014.

Asia-Pacific LP’s are favouring more real estate in their portfolios. Last year, the Government Pension Investment Fund of Japan announced a first time allocation of 5 percent to alternative investments, which includes real estate, private equity and infrastructure while the Public Service Pension Fund of Taiwan had issued a RFP for two global real estate managers to run $150 million each, making it the first allocation to the asset class for the pension fund. Additionally, the South Korean National Pension Service (NPS) agreed to a mandate of €300 million with Rockspring Property Investment Managers for a value-add, pan-Europe investment strategy.