Allocation Strategy

The second largest US pension plan is considering the creation of a mortgage lending program, its real estate head revealed this week.

At the PERE Global Investor Forum, Stuart Bernstein of Texas Teachers decried emerging manager graduation programs while he and his peers discussed their approaches to investing in new talent.

The London-based firm, better known for its third-party investment management division is planning to invest up to £250 million into Africa funds as a passive investor.

Malaysia’s largest pension fund placed a heavy emphasis on property as it increased international investments.

The $37 billion sovereign wealth fund is conducting due diligence on private real estate funds to supplement its growing direct portfolio.

Less than two years into its real estate investment programme, the State Oil Fund of the Republic of Azerbaijan already is demonstrating a nous for determined deal-making.

The Bureau of Worker’s Compensation expects to commit at least $250 million to new value-added real estate strategies over the next few years, in addition to its recent $50 million commitment to RockBridge.

The $28.5 billion pension system is considering a $50 million investment in Cypress Equities Real Estate Investment Management’s debut fund, as well as more investments in European real estate.

CalPERS’ desire to meet its new increased real estate allocation target by next July illustrates the pressures facing anyone looking to put a large amount of capital to work  

The world’s largest pension fund has set up an alternatives unit and is now focused on private equity.