Allocation Strategy

Having built up a $10 billion property portfolio from investments in Europe and the US, Norway’s $860 billion sovereign wealth fund now has its sights on Asia.

While Asian investors are still putting money into Europe, they consider the US a better long-term play, delegates heard at the ULI Asia Pacific Summit.

The $25 billion pension system’s property initiatives for 2015 include creating a co-investment program and potentially investing in separate accounts and Latin America for the first time. 

Commitments from Asian institutions and high net-worth individuals into the European country have increased 916 percent since 2011.

UPS’ Spick on unfunded commitments and de-risking the portfolio

Now that it has hired three for its overseas property business, Seoul-based Koramco Fund hopes to grow its overseas assets to $1.2 billion over five years.

The Chevy Chase, Maryland-based real estate investment manager has held a final close on its second real estate offering, surpassing its original target for the fund.

The State of Wisconsin Investment Board has awarded a $150 million separate account mandate to Bentall Kennedy in order to make its first investments in the property type.

The Singapore-based property company has teamed up with Oakwood Worldwide, a Los Angeles-based provider of serviced accommodation, with a view to opening more than 100 properties around the world over the next five years.

A key takeaway from this week's PERE Global Investor Forum in LA was that institutional investors active in the private real estate market should embrace its current flux by being proactive.