LP Radar – August 2015

See the latest PERE LP updates, including allocation changes and people moves.

31 August

Arizona Public Safety Personnel Retirement System has committed €35 million to Patron Capital V.


 28 August

At its meeting on Tuesday, New Mexico State Investment Council made a re-up $75 million commitment to Angelo Gordon Core Plus IV.


27 August

California Public Employees' Retirement System has committed $1.75 billion to CommonWealth's Fifth Street Properties separate account for the 2012-13 fiscal year.


26 August

The State of Wisconsin Investment Board has committed $121 million to Lone Star's Fund VIII. The Board has committed $762 million to Lone Star since 1997.

Maine Public Employees Retirement System has made a $50 million commitment to Walton Street Real Estate Fund VIII, subject to final due diligence, legal review and negotiations.


25 August

Virginia Retirement System has committed $100 million to Westbrook Partners' Real Estate Fund X and invested in industrial warehouse via a joint venture with Carson Companies.

Dallas Police and Fire Pension System has selected James A. Perry, a veteran investment management executive, as its Chief Investment Officer.


24 August

Canada Pension Plan Investment Board has invested MYR485 million to enter Malaysian real estate market through a joint venture partnership with Pavilion Group.

Rhode Island State Treasury has voted to adopt real estate, and public and private infrastructure policy statements, according to the draft minutes posted on its website last Friday.


21 August

The 2015 Alternative Investment Plan anticipates that Ohio Public Employees Retirement System will invest an additional $1.66 billion in the real estate separate account channel, according to the quarterly report presented at the August board meeting.


20 August

Massachusetts Pension Reserves Investment Management Board has terminated its manager relationship with TA Realty due to underperformance, a mismatch of strategy and staff turnover.

City of Fort Lauderdale General Employees' Retirement System is conducting a real estate manager search under the guidance of its investment consultant, Dahab Associates. The search is open to core, core plus and value added managers.


19 August

Montana Board of Investments has made a $20 million commitment to Equus Investment Partnership X.

Haverhill Retirement System (HRS) is looking for a manager to handle opportunistic and value-add real estate investments. The HRS seeks to commit as much as $6 million.


18 August

Teachers' Retirement System of Louisiana has made a $50 million commitment to Rockpoint Real Estate Fund V.


17 August

Employees' Retirement System of the State of Hawaii has committed $40 million to Cabot Industrial Core Fund.

Indiana Public Retirement System's Chief Investment Officer, David Cooper, will leave the pension fund in September to become CIO at the Purdue Research Foundation.


14 August

Teacher Retirement System of Texas has made a $150 million commitment to Tristan Capital’s European Property Investors Special Opportunities 4 and $250 million each to two separate accounts managed by DvicoWest and Hunt Investment Management.

Morgan Stanley Alternative Investment Partners has recruited Brian Schneider as the new co-head for its real estate business.


13 August

Louisiana Parochial Employees' Retirement System has committed $20 million each to Oaktree Real Estate Opportunities Fund VII and True North Real Estate Fund III.

CBRE has appointed Ritson Ferguson as its new Global Chief Investment Officer. He will be responsible for coordinating the investment decision-making and programme offerings.


12 August

Texas Municipal Retirement System has committed a total of $783 million to USAA Real Estate, TPG, Rubenstein Partners, Torchlight Investors, Alcion Ventures and Tristan Capital Partners.

Alexia Gotschalch has been named Head of Business Development and Client Strategy, Real Estate Americas at JP Morgan Asset Management – Global Real Assets.


11 August

National Pension Service of Korea has promoted Scott Kim as global head of real estate investment.


10 August

Vermont State Retirement System's staff has been contacted by Siguler Guff Distressed Real Estate Opportunities II about an additional offering being made available exclusively to current limited partners.


To view last month's LP Radar, click here.