Allocation Strategy

PERE's sister publication, Secondaries Investor, spoke to Nigel Gormly, head of international direct investment at the pension fund on its wider secondaries strategy and why it is getting out of unlisted property.

One panelist said that allocations to real estate should be much higher than the current average of 10 percent of an overall portfolio.

CIC, Norway' GPFG and ADIA doubling down in the asset class is a welcome development, but it might not last. 

The country’s Ministry of Finance plans to cap the world’s biggest sovereign wealth fund’s real estate investments at no more than 7 percent of its portfolio.

China’s sovereign wealth fund is understood to have pumped resources into the new division in an effort to grow a real estate portfolio that could end up being worth as much as $74 billion.

The Austin-based fund backed Blackstone and DivcoWest at its most recent board meeting.

The real estate arm of the Italian insurer is evaluating an expansion of its existing US property portfolio into two or three new cities.

The Swiss institutional investor intends to add to its $13 billion of property assets this year, including through two new separate accounts.

The central bank made its first foray to real estate and private equity last year as part of an effort to diversify its pension plan.

The second residential development program between the two in India will be managed by a new fund management subsidiary set up by the Mumbai-based property developer.