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South Carolina has to allocate up to $1.5 billion in alts to reach new asset mix
trueSouth Carolina Retirement System Investment Commission, Columbia, received an update on the progress of implementing the pension fund's asset allocation, which became effective July 2013.
Blackstone acquires residential real estate business from GE Japan Corp.
trueBlackstone Group is acquiring GE Japan Corp’s residential real estate business for more than ¥190 billion ($1.6 billion), said Peter Rose, Blackstone spokesman, in an e-mail.
South Carolina sets $619 million for 4 firms
trueSouth Carolina Retirement System Investment Commission invested or committed a total of $619 million with four alternative investment managers, with the possibility of an additional $450 million being invested over time.
Virginia Retirement System slates $1 billion in commitments
trueVirginia Retirement System committed $428 million to a new strategic opportunity program, $225 million to private equity and $350 million to real estate in recent weeks.
Ohio Police & Fire commits $80 million to 2 funds
trueOhio Police & Fire Pension Fund made two new commitments totaling up to $80 million.
Pompano Beach pension fund makes real estate commitment
truePompano Beach (Fla.) General Employees’ Retirement System committed $3 million to American Strategic Value Realty Fund, a value-added, non-core open-end real estate fund managed by American Realty Advisors.
CPPIB commits additional $400 million to China real estate joint venture
trueCanada Pension Plan Investment Board committed an additional US$400 million to Goodman China Logistics Holding, the board’s joint venture with real estate investment manager Goodman Group, to develop logistics projects in China.
New Jersey earmarks $100 million for Asia real estate fund
trueNew Jersey Division of Investment committed $100 million to Real Estate Capital Asia Partners IV, an opportunistic non-core real estate fund managed by SC Capital Partners.
Texas Teachers commits $755 million to real estate, private equity
trueTexas Teacher Retirement System committed a total of $755 million to five private market funds in the quarter ended Sept. 30, a transaction report provided to Pensions & Investments showed.
Newham Pension Fund seeks real estate consultant
trueLondon Borough of Newham Pension Fund, London, is searching for a consultant to restructure and advise on its £87 million ($136.1 million) real estate allocation.
Nebraska Investment Council commits to real estate, private equity
trueNebraska Investment Council committed $40 million to Almanac Realty Securities VII, a value-added real estate fund managed by Almanac Realty Investors.
New Mexico Educational targets $115 million for 3 funds
trueNew Mexico Educational Retirement Board, Santa Fe, made $115 million in commitments to alternative investment funds.
U.S. real estate still attractive to foreign institutional investors
trueForeign capital is flooding into U.S. real estate despite lower return expectations.
Kensington starts to attract foreign investors
trueUntil last year, all of Kensington Realty Advisors Inc.’s investors were based in the U.S.
Miramar Firefighters wants core-plus real estate manager
trueMiramar (Fla.) Firefighters' Pension Fund is searching for an open-end core-plus real estate manager to run $5 million.