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LP Radar – January 2016

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

29 January

San Bernardino County Employees' Retirement Association has approved the 2016 real estate pacing plan stating the recommended yearly commitment of $120 million.

 

28 January

Pennsylvania State Employees' Retirement System has adopted revisions to its real estate investment policy statement and investment manager monitoring policy.

 

27 January

New Jersey Division of Investment is going to consider a $100 million commitment to Blackstone Real Estate Debt Strategies III at the State Investment Council meeting today.

The managing director of John D. and Catherine T. MacArthur Foundation, Timothy Hoeppner, will leave the firm at the end of January.

PFA Pension has made up to $200 million fund commitment to Morgan Stanley Real Estate Investing's first Asia core property fund.

 

26 January

Orange County Employees Retirement System has issued a request for proposal for a five-year general investment consultant. The bid deadline is February 29.

The Ohio Public Employees Retirement System has made $200 million commitment to Luber-Adler/ Larmar Neighbourhood Fund, which targets retail and apartment properties.

 

25 January

Oklahoma Police Pension and Retirement System agreed a commitment of $15 million to Cerberus Institutional Real Estate Partners IV at a meeting last week.

Kansas Public Employees Retirement System changed its current long term real estate target to 11% at the board meeting last week.

 

23 January

San Francisco Employees' Retirement System has approved $75 million commitment to TriGate Property Partners III.

 

22 January

The California Public Employees’ Retirement System has announced that chief executive officer Anne Stausboll will retire this June. 

 

19 January

New York State Common Retirement Fund committed $350 million to Simpson Housing Joint Venture II in October according to a recently released monthly report.

Colliers International has appointed Anna Warlow as new senior portfolio manager and she is based in London office.

 

15 January

The Finnish Local Government Pensions Institution is going to make its real estate investments more environmentally responsible over the next five years. The institution plans to reduce energy and water consumption and increase the portion of green electricity.

 

14 January

PKA AIP is looking to hire an Investment Manager and a Senior Associate for their private funds team.

 

13 January

Schroders Investment Management has hired Makoto Fukui as Director of Strategic Partnerships for its real estate business, a newly created role.

 

11 January

Ontario Teachers' Pension Plan appointed Bjarne Graven Larsen as the Executive Vice-President and Chief Investment Officer.  

The Teacher Retirement System of Texas has committed $20 million to Abacus' Multi-Family Partners III.

 

6 January 

At its December 2015 meeting, the Illinois State Board of Investment had allocated $200 million for non-core real estate investments for its calendar year 2016.

 

5 January

In December 2015, Michigan State University had appointed Philip Zecher as the endowments' first Chief Investment Officer

 

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