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LP Radar – June 2016

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

30 June

San Joaquin County Employees' Retirement Association has approved a commitment of $30 million to Greenfield Acquisition Partners VIII, an opportunistic real estate fund.

 

29 June

Military Mutual Aid Association plans to increase its alternative investment allocation from 23 percent to 25 percent by 2020 and to boost overseas investments, including private equity, real estate and private debt, to 30 percent in 2017. 


27 June

Minnesota State Board of Investment approved $100 million commitment to Rockwood Capital's tenth real estate fund.


24 June

California Public Employees' Retirement System is going to identify and place up to $11 billion in new commitments with qualified managers by 2020. Commitments made within the new ‘Transition Manager Program’ will range from $50 million to $300 million for private equity and real estate funds.

 

23 June 

Canada Pension Plan Investment Board appointed Alain Carrier Senior Managing Director and Head of International; Suyi Kim is appointed Managing Director and Head of Asia.


22 June

California Public Employees' Retirement System appointed Douglas Hoffner as Interim Chief Executive Officer as the pension fund continues to look for a permanent CEO.

In Q1 2016, Michigan Department of Treasury approved a commitment of $75 million to Apollo Asia Real Estate Fund I, with an additional $25 million reserved for co-investments.

 

21 June

Chicago Teachers' Pension Fund issued a RFP to look for a manager to invest in diversified real estate properties with debt strategies. The proposal is due 15th July 2016.

Missouri Local Government Employees' Retirement System has continued its support of London-based fund management group, Europa Capital Management, by committing €50 million to the GP's next European real estate vehicle, Europa Fund V.

 

20 June

Pennsylvania Public School Employees' Retirement System has approved commitments of $100 million to DRA Growth and Income Fund IX and $75 million to RCG Longview Debt Fund VI.

 

17 June 

HC Asset Management told PEI that it prefers investments with stable cash flow generation and it is investing in ten real estate funds targeting core office in Japan and the US.


16 June 

Pension Fund Association for Local Government Officials appointed Nomura Asset Management its second domestic real estate fund manager after hiring Resona Bank in March.


15 June

HOSTPLUS expressed that it will continue to grow its core and core-plus exposure. Meanwhile, it prefers funds with high investment flexibility, administration transparency and cost-efficiency.


14 June

Texas County and District Retirement System has committed 40 million to Blackstone Real Estate Partners Europe V. The transaction was finalised on April 18.

 

13 June 

Korea Investment Corporation appointed Kang Shin-woo its new chief investment officer.


9 June

Dongbu Insurance has entered into a separate account agreement with TH Real Estate for an undisclosed amount. The account will invest in commercial properties in the United Kingdom.

Houston Municipal Employees' Pension System's board of trustees approved a $20 million investment in IC Berkeley Partners IV at the May meeting.

 

8 June

Arkansas Teacher Retirement System has approved a commitment of $30 million to LaSalle Asia Opportunity Fund V, an opportunistic real estate fund.

 

7 June

Oregon Public Employees' Retirement System approved a commitment of $250 million to DivcoWest Real Estate Fund V in April.

 

6 June

Teachers' Retirement System of Louisiana's board has approved a commitment of $40 million to Sares Regis Multifamily Value-Add Fund II.

 

3 June

ATP appointed Kasper Arndt Lorenzen new chief investment officer to replace Henrik Gade Jepsen.


1 June

New Zealand Superannuation Fund appointed Doug Pearce and John Williamson to its Board of Guardians which reviews the delegations and governance priorities of the Fund.

 

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