Capital Raising News 鈥� Page 208
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CalPERS places fresh $600m in real estate
UNITED STATES - California Public Employees Retirement System has placed $600m (鈧�424.5m) into a combination of commingled funds, co-investments and separate accounts for international and opportunistic strategies.
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LVAM in drive to grow institutional business
UK 鈥� LV Asset Management (LVAM), the asset management arm of UK鈥檚 largest friendly society, has announced ambitious plans to expand its fund management arm with 12 new funds and the development of a multi-manager capability, targeted at institutional and retail investors.
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ING real estate wins 拢100m Welsh mandate
UK 鈥� The GBP1.3bn (鈧�1.9bn) Rhondda Cynon Taf council pension fund has awarded a 拢100m UK property mandate, with possible exposure to other European markets, to ING Real Estate Investment Management.
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Mass PRIM abandons small cap REITs
UNITED STATES 鈥� Massachusetts鈥� Pension Reserves Investment Management Board has decided to drop a small cap investment mandate for its publicly-traded real estate securities program in the United States.
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Texas Teachers to approve $800m in real estate
UNITED STATES- Teacher Retirement System of Texas is in the process of approving $800m ($568m euros) in new real estate commingled fund investments.
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BT pension fund to sell 拢240m portfolio
UK 鈥� Hermes Real Estate has placed 10 property vehicles on the market, in the hope of generating 拢240m (鈧�346m) for the BT Pension Scheme.
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Folksam PFs in pilot pooling venture
SWEDEN - Swedish insurance group Folksam has set up the first bespoke property pooling structure designed for separate pension funds within the same group.
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Ohio Police & Fire sells separates
UNITED STATES - Ohio Police & Fire Pension Fund has voted to approve the transfer of seven separate account assets and move them into a commingled fund.
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Pennsylvania spends 鈧�200m in Europe
UNITED STATES - Pennsylvania Public School Employees鈥� Retirement System has increased its exposure to European real estate by committing a total of 鈧�200m to two commingled funds.
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Indiana PERF searches for core and REIT managers
UNITED STATES - The Indiana Public Employees Retirement Fund is now searching for real estate managers for core and REIT strategies through new RFPs.
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CalSTRS expands JV to $500m
UNITED STATES - California State Teachers Retirement System has expanded its real estate joint venture relationship with Pacific Coast Capital Partners by investing a total of $500m (鈧�353m) into two ventures.
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San Diego City targets non-US real estate
UNITED STATES - San Diego City Employees Retirement System has approved its first ever targeted allocation for non-United States real estate investments.
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Pension funds "ready for Russian real estate"
RUSSIA - Pension funds 鈥� at least Nordic ones 鈥� are ready to invest in Russian real estate, having overcome earlier reluctance concerning the complexity of the market, according to Ole Dall-Hansen, chief executive of Aberdeen Property Investors Eastern Europe.
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Land of Rising Sun is still Asian favourite
JAPAN - Japan continues to dominate core Asian real estate despite the emergence of investible real estate markets in more volatile regional economies.
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CalPERS feeds $500m to Dragon
UNITED STATES - CalPERS is adding a further $500m to its existing $3bn invested in Asia real estate, via a local fund focused on mature regional markets and China, while the same amount will be placed in commingled funds.
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Pension funds show distressed debt interest
UNITED STATES 鈥� US pension funds are considering placing real estate capital into debt strategies on the back of recent market turbulence.
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US pension fund capital flows to Europe
UNITED STATES - A significant amount of pension fund capital in the United States is still moving towards Europe as California State Teachers Retirement System and Los Angeles County Employees Retirement Association made new investments.
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Thomas Properties goes green
UNITED STATES - Thomas Properties Group has formed its first green investment fund as pension funds are now turning their attentions to sustainable real estate investments.
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US pension funds buy opportunity
UNITED STATES - Pension funds in the United States are investing more capital into commingled funds with opportunistic investment strategies.
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Pension funds fuel urban investment trend
UNITED STATES - Pension funds in the United States are putting more capital into an urban investment strategy on the back of young professionals鈥� demand.
