Headquarters: Zeist, Netherlands
AUM: €266 billion
Allocation to alternatives: 22%
The ACE fund has raised A$1.25 billion since its launch in July 2019. As of April 2021, the Sydney-based fund manager has deployed A$234 million in the acquisition of five property assets. The fund will continue to target light industrial and logistics property across Sydney and Brisbane.
PGGM currently allocates 12 percent of its investment portfolio to real estate.
As illustrated below, the €266 billion pension fund’s recent real estate commitments have predominantly targeted core, core-plus and value-add opportunities across Europe and Asia-Pacific.
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