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Ohio Public Employees allocates $900 million to private equity, real estate
trueOhio Public Employees' Retirement System made new private equity commitments totaling $706 million and one new real estate commitment totaling $200 million.
Texas Permanent School Fund puts $90 million with 2 real estate managers
trueTexas State Board of Education approved real estate commitments totaling up to $90 million from the $28.4 billion Texas Permanent School Fund.
Illinois Municipal sets $283 million for real estate
trueIllinois Municipal Retirement Fund on Friday approved committing a total of up to $283 million to three real estate managers.
Oakland County Retirement earmarks $15 million for real estate fund
trueOakland County Retirement and Deferred Compensation Board, Waterford, Mich., committed $15 million to Walton Street Real Estate Fund VIII.
University of Michigan slates $302 million for 7 managers
trueUniversity of Michigan invested or committed a total of $302 million in nine investment strategies from its $9.8 billion long-term endowment pool.
San Francisco makes commitment to latest Blackstone European real estate fund
trueSan Francisco City & County Employees’ Retirement System committed up to €100 million ($108 million) to Blackstone Real Estate Partners Europe V, managed by Blackstone Group.
Florida State Board seeking pool of real estate auditors
trueFlorida State Board of Administration is searching for a pool of auditors to provide services for the internally managed real estate portfolio.
Nebraska Investment Council commits to real estate secondary, co-investments fund
trueNebraska Investment Council committed $10 million to Metropolitan Real Estate Partners Secondaries & Co-Investments Fund for the $1.2 billion general endowment pool the council oversees.
Montana commits $75 million to alternatives
trueMontana Board of Investments committed $75 million total to four alternatives funds.
Canada Pension Plan, APG in South Korean real estate joint venture
trueCanada Pension Plan Investment Board and APG Asset Management established a $500 million joint venture platform to invest in real estate across South Korea.
CalPERS sells $3 billion in real estate fund interests to Blackstone
trueAs part of a plan to cut the number of external managers and realign its real estate portfolio, CalPERS is selling $3 billion of its investments in 43 real estate funds on the secondary market to Blackstone Group, the $296.7 billion pension fund announced Thursday in a news release.
Connecticut commits $100 million to Crow Holdings real estate fund
trueConnecticut Retirement Plans & Trust Funds committed $100 million to Crow Holdings Realty Partners VII.
Weyerhaeuser to buy timber rival Plum Creek for $8.4 billion
trueWeyerhaeuser Co. agreed to buy Plum Creek Timber Co. for about $8.4 billion to create a real estate investment trust that will be the largest private owner of timberland in the U.S.
CalSTRS looking to increase core real estate holdings, trim opportunistic
trueCalSTRS' real estate consultant recommended the pension fund modify its real estate allocation to 60% core, 20% value-added and 20% opportunistic, in light of current market conditions.
Norway's sovereign wealth fund could look to add $86 billion in real estate
trueThe world's largest sovereign wealth fund says the optimal level of property investments might mean putting another $86 billion into real estate, singling out Asia as a hot spot for growth.