Institution: New York State Teacher’s Retirement System
Headquarters: Albany, US
Allocation to real estate: 13.1%
New York State Teacher’s Retirement System has committed $200 million to two new real estate funds: $50 million to Cabot Industrial Value Fund VII and $150 million to Artemis Debt Separate Account.
Cabot Industrial Value Fund VII is a value-add fund investing in the industrial sector within North American, Western Europe and Asia-Pacific regions. Cabot Properties seventh fund recently held a first close on $1.33 billion in May.
NYSTRS has a current allocation of 13.1 percent to private real estate, which is over its target allocation of 11 percent.
Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.