Global Investor 30 2016

Churn was the name of the game for PERE’s Global Investor 30 list in 2016, with swaps, major leaps and even bigger falls taking some recognizable names off the list entirely.

In 2016, only three positions remained unchanged in the annual list that tracks equity committed to real estate. Once again, Abu Dhabi Investment Authority took the top spot, while the rest was up for grabs. Some investors made dramatic leaps, the most notable examples being Teachers Retirement System of Texas and Singapore’s Temasek Holdings.

The biggest moves in the other direction included New York State Common Retirement Fund, which fell from 14th to 27th. The ranking also saw several new entries, as well as departures. While the likes of Ontario Municipal Employees Retirement Scheme and Japan’s Dai-ichi Mutual Life Insurance slipped off the ranking, notable investors such as New York State Teachers’ Retirement System and Oregon Public Employees Retirement Fund made an entry.

Movements aside, the overall message remains the same: private real estate investment by the world’s largest investors was still growing – even as overall global investment totals dropped. With $683 billion committed in 2016 – versus $659 billion for the whole of last year – the momentum at the top of the equity mountain was yet to dissipate.

Click here to access the list.