LP Radar – September 2016

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

30 September

University of Vermont’s investment subcommittee has approved a $5 million commitment to Starwood Global Opportunity Fund XI, a real estate fund managed by Starwood Capital Group.


29 September 

Japan Post Insurance (Kampo Life) has established an alternative investment division to explore the investment opportunities of private equity, real estate, infrastructure and hedge fund investments in global markets.

Quincy Retirement System is seeking a fund management firm with a focus on closed-ended-value added real estate. The board intends to commit approximately $10 million.

Ohio Police & Fire Pension Fund’s board has approved Townsend’s recommendation to commit $50 million to Asana Partners Fund I.

San Luis Obispo County Pension Trust committed an additional $50 million to J.P. Morgan Asset Management’s Strategic Properties Fund.


28 September

New Mexico Educational Retirement Board has committed $25 million to Crow Holdings Retail Fund II.

North Carolina State Treasury has committed $100 million to Crow Retail Fund II, a non-core real estate fund. The transaction was finalized in July 2016.


26 September 

Canada Pension Plan Investment Board (CPPIB) has signed a Memorandum of Understanding with National Development and Reform Commission of China to offer expertise to address the aging population problems in China. CPPIB expressed that it values the benefits of information sharing with the policy-maker in growth markets.

22 September

 South Carolina Retirement System appointed Geoffrey Berg as its Chief Investment Officer. 

Anna Rule was appointed Head of Property at RPMI Railpen. This continues Railpen’s expansion of its internal asset management capabilities.


21 September

Kentucky Retirement Systems’ board has committed $50 million to Mesa West Real Estate Income Fund IV on behalf of its pension and insurance funds.


20 September

The Pension Fund Association for Local Government Officials (Chikyoren) appointed Daiwa Fund Consulting as its manager to handle the domestic real estate investments.

19 September

Bei Capital expressed that they are looking for core-plus and value-add real estate investments mainly in Asia Pacific region and some global gateway cities. Looking forward, they will consider blind pool funds that show strong and visible pipelines with good probability to close.

Swiss Federal Social Security Funds is looking for value-added/opportunistic real estate managers to invest alongside in Asia, Europe and the US.


16 September

In Q2 2016, Michigan Department of Treasury made a commitment of $67 million to KBS/SM Fund III, a separate account managed by KBS Advisors.


15 September

California Public Employees' Retirement System has committed an additional $500 million to ARA China Investment Partners, an add-on to the previous $300 million separate account.


13 September 

Canada Pension Plan Investment Board (CPPIB) appointed Graeme Eadie Senior Managing Director & Global Head of Real Assets. He will lead and conduct real estate, infrastructure and agriculture investments.

9 September

Minnesota State Board of Investment approved a recommendation for a $50 million commitment to AG Asia Realty Fund II at its board meeting yesterday.


8 September 

AustralianSuper has selected Bentall Kennedy as the real estate investment advisor to pursue commercial real estate opportunities in Canada.

The Teacher Retirement System of Texas committed $200 million to CBRE Strategic Partners U.S. Value 8, managed by CBRE Global Investors, last month.


7 September

Strathclyde Pension Fund has agreed a £120 million commitment to Partners Group Direct Real Estate at its committee’s meeting this week.


5 September

QIC expressed that it is planning to invest in two to three real estate funds in the short to medium term. It aims to diversify its exposure to other properties as it has invested in retail sector heavily.

1 September  

Contra Costa County Employees' Retirement Association(CCCERA) is searching for a private markets advisor to work with internal staff in managing CCCERA’s existing private asset program.


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