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LP Radar – June 2015

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

26 June

Illinois State Board of Investment has made a $30 million commitment to Oak Street Real Estate Capital Fund III.

 

25 June

School Employees' Retirement System of Ohio is going to continue to increase core real asset strategies to 60-70% of the total global real assets portfolio from the current exposure of 54%.

 

24 June

South Dakota Investment Council has committed $243 million to Lone Star Real Estate Fund IV.

 

23 June

New York State Common Retirement Fund has committed $225 million to KSL Capital Partners’ IV fund and $300 million to Blackstone Real Estate Partners VIII.

 

 22 June

The State of Wisconsin Investment Board is planning to invest $500 million in separate accounts or joint ventures in second half of 2015.

 

 19 June

Ontario Pension Board maintains an opportunistic approach to the asset class but will only invest if the right opportunity arises. The firm's preference is for value-added strategies.


17 June

The California Public Employees’ Retirement System will deploy up to $2.5 billion to real estate over the next five years. $500 million of it is in the real estate emerging manager program and $2 billion of it is in the transition manager program.

 

16 June

San Francisco Employees’ Retirement System has committed €100 million to Tristan Capital Partners' European Property Investors Special Opportunities IV and €50 million to Westbrook Partners’ Real Estate Fund X.

 

 15 June

Employees' Retirement System of the State of Hawaii has committed $30 million to LaSalle Income & Growth Fund VII.

 

 10 June

Minnesota State Board of Investment has approved commitments of up to $100 million to TA Realty Associates Fund XI.

 

9 June

Ohio Bureau of Workers' Compensation  has committed $100 million to Invesco’s Core Real Estate USA fund and $50 million each to Heitman’s America Real Estate Trust and the Cornerstone Patriot Fund.

 

8 June

Nebraska Investment Council has committed $40 million to Rockwood Capital Real Estate Partners X.


4 June

Teachers' Retirement System of the State of Illinois has committed $100 million each to Fortress Japan Opportunity Fund III and to Rockpoing Real Estate Fund V.

Houston Municipal Employees' Pension System has committed  $20 million to Crow Holdings Realty Partners VII.

Teacher Retirement System of Texas has committed $150 million to PCCP Equity VII.

 

3 June

New Jersey Division of Investment committed additional $100 million to existing separate accounts with Och-Ziff Capital Management. It also committed $125 million to TPG Real Estate Partners II.

 

2 June

Public Employees Retirement Association of New Mexico committed $60 million to Rockwood Capital Real Estate Partners X.

 

1 June

Mike Burns, Chief Executive Officer of the Alaska Permanent Fund, is set to retire from his position effective 1 June. Valerie Mertz, current Chief Financial Officer, has been appointed as acting executive director for 30 days while the Board considers appointing an interim executive director.