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PennPSERS allocates $900 million total to 3 managers
truePennsylvania Public School Employees' Retirement System committed $500 million to BlackRock's Market Advantage II fund, hired Radcliffe Capital Management to run $300 million in a long-only defensive credit strategy and committed up to $100 million to Angelo Gordon's AG Core Plus Realty Fund IV.
Hartford Municipal sets $6 million for secondaries fund
trueHartford Municipal Employees' Retirement Fund committed $6 million to Landmark Real Estate Fund VII.
Appetite for yield is driving demand for real estate, say panelists
trueThe hunt for yield is driving global investors' interest in adding real estate to their portfolios and creating selling opportunities for holders of core property portfolios, said speakers at the Pension Real Estate Association's 24th Annual Institutional Investor Real Estate Conference at the ...
Preqin: Private equity fundraising slows in Q3
trueAccording to preliminary figures released this week, Preqin said 185 private equity funds closed on $73 billion in capital during the third quarter. That amount was down 49% from the previous quarter and off 30.5% from the third quarter a year ago.
Illinois SURS launches non-core real estate search
truellinois State Universities Retirement System issued an RFP for managers to run a total of $100 million in non-core real estate.
Nashville & Davidson County earmarks $255 million
trueNashville (Tenn.) & Davidson County Metropolitan Government Employee Benefit Trust Fund made new commitments totaling $255 million.
Manulife Asset Management appoints head of real estate investments
trueMichael J. McNamara was named senior managing director and global head of real estate investments within the private markets division of Manulife Asset Management.
New Mexico Educational picks 2 real estate funds
trueNew Mexico Educational Retirement Board, Santa Fe, committed $70 million total to two real estate funds.
Arizona Public Safety commits $355 million
trueArizona Public Safety Personnel Retirement System made a total of up to $355 million in new commitments and co-investments.
UTIMCO ready to invest $1 billion in private equity real estate
trueUniversity of Texas Investment Management Co. has $1 billion to invest in private equity real estate, said Bruce Zimmerman, UTIMCO’s CEO and chief investment officer, speaking Wednesday at the Pension Real Estate Association’s 24th Annual Institutional Investor Real Estate Conference at the Hyatt ...
Orange County digging for core-plus real estate fund
trueOrange County Employees Retirement System launched a search for a commingled core-plus real estate fund.
Oklahoma Teachers signs 6 for real estate
trueOklahoma Teachers' Retirement System hired six real estate managers to run a total of about $300 million in opportunistic and value-added strategies.
Texas County & District commits $105 million to private equity, real estate
trueTexas County & District Retirement System, Austin, committed a total of $105 million to two alternatives managers, said spokeswoman Brooke Goggans in an e-mail.
D.C. Retirement Board earmarks for private equity, energy, real estate
trueDistrict of Columbia Retirement Board, Washington, agreed to commit a total of up to $85 million to private equity, energy and real estate
Alameda County Employees issues call for new real estate consultant
trueAlameda County Employees' Retirement Association is searching for a real estate consultant.