Fund Universe Library

US Agriculture LLC formal GP presentation to VPIC for the US Core Farmland Fund, updated through Q3 2024. Covers the firm's 100+ year Halderman/Hageman heritage, 57-farm $625M portfolio across 64K gross acres, diversified row and permanent cropland strategy, NCREIF Farmland Index benchmarking, and ESG/sustainability program. VPIC approved a $35M commitment.

Adelante Capital Management monthly REIT manager report for November 2024. Portfolio performance (+28.85% trailing year). Covers sector allocation to various REIT property types, market commentary on commercial RE stabilization, and Blackstone re-entering REIT market via ROIC acquisition. Best/worst holdings analysis and portfolio guidelines compliance.

IDR Investment Management CIO Garrett Zdolshek presented an educational overview of the NFI-ODCE Index structure and performance drivers. IDR manages approximately $99.5M for LACERA in its Core Property Index Fund.

D.B. Fitzpatrick monthly update on Idaho Commercial Mortgage Program for August 2024. Idaho commercial RE activity at slow pace, price discovery ongoing. Investor demand strong but lack of supply restrains activity. Portfolio: no delinquencies, no REO assets. DBF Idaho Mortgages: 8.0% trailing year return. Portfolio ~$825M.

IPI Partners formal GP presentation to VPIC for IPI Partners III, a closed-end value-add/opportunistic fund investing in data center assets and connectivity-related real assets globally. Covers the firm's strategy, prior fund performance (IPI I and II), hyperscale demand drivers, AI and cloud growth, and fund terms targeting 12-16% net IRR.

D.B. Fitzpatrick monthly update on Idaho Commercial Mortgage Program for June 2024. Buyers and sellers standoff expected to persist. Commercial RE lending environment remains constrained with banks and credit unions wary. Portfolio: no delinquencies in June, no REO assets. New originations noted. DBF Idaho Mortgages: 2.5% trailing year return.

IPI Partners presentation to PA SERS Investment Committee for IPI Partners III-A LP, a global data center-focused real estate fund targeting $4B with $6B hard cap. SERS committed up to $100M. Fund categorized in Real Estate / Value-Add/Opportunistic sub-asset class. Presented June 11, 2024.

GP presentation for AG Europe Realty Fund IV (TPG Angelo Gordon), a closed-end European real estate fund investing in office, retail, residential, industrial, hotels, self-storage, senior and student housing across Denmark, France, Germany, Ireland, Italy, Netherlands, Norway, Spain, Sweden, and UK. Minnesota SBI committed $125M, approved May 21, 2024.

IPI Partners education session on data centers and connectivity-related real assets presented at the April 2024 VPIC Retreat. Covers the generational opportunity in digital real assets, AI-driven data center demand growth (~15.5 GW by 2026), hyperscale tenant dynamics, and colocation market trends — a precursor to the IPI Partners III formal fund pitch.

D.B. Fitzpatrick monthly update on Idaho Commercial Mortgage Program for February 2024. Idaho commercial RE market remains in transition, activity muted. Portfolio has no delinquencies and no REO. DBF MBS portfolio commentary and MBS characteristics included. High interest rates continue to constrain lending environment.

GP presentation for Oaktree Real Estate Opportunities Fund IX, targeting $5B to acquire distressed CRE debt and equity globally (Australia, China, Denmark, Germany, Japan, Netherlands, Poland, South Korea, UK). Minnesota SBI committed up to $175M, approved February 29, 2024.

Elion Partners manager presentation for ERSRI on Elion Industrial Fund II, a value-add last-mile logistics fund focusing on supply-constrained coastal U.S. markets. Dated February 20, 2024.

MCR fund presentation for ERSRI on MCR Hospitality Fund IV, a value-add hotel fund targeting premium branded limited-service and extended-stay hotel properties across the U.S. Dated January 19, 2024.

GP presentation for Torchlight Debt Opportunity Fund VIII, targeting $2B to invest in U.S. CRE debt (senior mortgages, mezzanine, preferred equity, CMBS) across office, hotel, industrial, multifamily, and retail. Minnesota SBI committed up to $150M, approved November 29, 2023.

Blue Owl formal GP presentation to VPIC on Blue Owl Real Estate Fund VI, their $24.8B AUM net-lease platform (fka Oak Street). Covers fund strategy targeting triple-net sale-leaseback transactions with investment-grade and creditworthy tenants, targeting ~8% annual net income, and track record across prior fully realized funds.

Angelo Gordon formal GP presentation to VPIC for AG Net Lease Realty Fund V. Covers the firm's specialization in credit and real estate, 18-year net lease track record executing $50B+ in global acquisitions, focus on non-investment-grade tenants in industrial/cold-storage/food production properties, and European net lease expansion.

GP presentation for Brookfield Strategic Real Estate Partners V, a global opportunistic real estate fund targeting $15B. Minnesota SBI committed up to $200M, approved August 23, 2023.

IPI Partners manager presentation for Rhode Island on IPI Fund III, a global value-add data center fund targeting hyperscale cloud service provider facilities. Public deck dated August 16, 2023.

GP presentation for TA Realty Associates XIII, a U.S. value-add fund targeting industrial, multifamily, office, and grocery-anchored shopping centers. Minnesota SBI considered a commitment of up to $200M, approved at the March 2, 2023 board meeting.

Nuveen Real Estate First Look presentation on the U.S. Affordable Housing strategy to the CTPF Investment Committee on September 11, 2025.

First Look presentation by BIG Real Estate Fund III, a MWDBE real estate fund, to the CTPF Investment Committee on March 4, 2025.

First Look presentation by Avanath Capital Management on the Avanath Renaissance Fund, an affordable multifamily real estate strategy, to CTPF on June 2, 2023.

Greystar Real Estate Partners First Look presentation on the Essential Housing Fund, a workforce/affordable multifamily strategy, to the CTPF Investment Committee on September 11, 2025.

American Realty Advisors (ARA) annual update on the American Strategic Value Realty Fund to ICERS at the September 17, 2025 board meeting. 36-year history, $11.0B AUM, 100% employee-owned, 600+ institutional clients. Cover image features Canopy, Inland Empire, CA.

American Realty Advisors (ARA) presentation of the American Strategic Value Realty Fund to ICERS at the September 18, 2024 board meeting. 36-year history, $11.3B AUM, 100% employee-owned. Presenters: Josh Brodsky and Ivy Holz.

American Realty Advisors (ARA) presentation of the American Strategic Value Realty Fund to ICERS at the September 20, 2023 meeting. Covers 35-year history, $12.3B AUM, core/core-plus/value-add strategies, fund strategy and portfolio. Presenters: Michael Link and Josh Brodsky.

ASB Capital Management update on the ASB Allegiance Real Estate Fund (~$6.1B open-end core fund) to ICERS at the September 17, 2025 board meeting. Data as of June 30, 2025. Presented by Frank Nigro and David Quigley.

ASB Capital Management presentation of the ASB Allegiance Real Estate Fund (core, open-end, ~$8.1B GAV) to ICERS at the September 20, 2023 meeting. Q2 2023 update covering platform, fund overview, portfolio transformation, and outlook. Presented by Frank Nigro and David Quigley.

First Look presentation by Jonathan Rose Companies on Rose Affordable Housing Preservation Fund VI to the CTPF Investment Committee First Friday on June 2, 2023.

Clarion Partners annual update on the Lion Properties Fund (core open-end) to ICERS at the September 17, 2025 board meeting. Presenters: Reza Basharzad (Managing Director) and Chris Perino (Senior Associate, Portfolio Management).

First Look presentation by Caro Investors, a MWDBE real estate credit manager (Chevy Chase MD), to the CTPF Investment Committee on June 7, 2024 as part of the RE debt search.

ASB Capital Management Q2 2024 update on the ASB Allegiance Real Estate Fund (~$6.5B GAV, open-end core) to ICERS at the September 18, 2024 board meeting. Covers platform overview, portfolio transformation, and market outlook. Presented by Frank Nigro and David Quigley.

Investment Committee presentation for Adams Street Lake LaSalle Fund III re-up, a diversified real estate fund co-branded with LaSalle Investment Management, presented at CTPF on June 10, 2025.

First Look presentation by Greenlining Realty USA (Chicago IL), a MWDBE real estate firm focused on affordable and workforce housing, to CTPF on March 4, 2025.

HarbourVest Partners annual update to ICERS at the November 19, 2025 board meeting. Covers firm overview ($147.9B AUM, 40+ years), global markets, ICERS client summary, and Global Fund program update. ICERS uses HarbourVest in a multi-series global fund-of-funds structure for PE allocation.

First Look presentation by Arc70 Capital (Burlingame CA), a MWDBE real estate credit manager, to the CTPF Investment Committee on March 4, 2025.

First Look presentation by RESSCO, a real estate investment firm, to the CTPF Investment Committee First Friday meeting on June 2, 2023.

First Look presentation by TerraCotta Group, a MWDBE real estate credit manager, to the CTPF Investment Committee on June 7, 2024 as part of the RE debt search.

First Look presentation by Belay Investment Group on Belay Ventures Fund IV, a MWDBE value-add real estate fund (Los Angeles CA), to CTPF on March 4, 2025.

Clarion Partners annual update presentation of the Lion Properties Fund (core open-end, 42-year history, Franklin Templeton subsidiary) to ICERS at the September 18, 2024 board meeting. Covers firm overview, fund strategy, portfolio, and performance. Presenters: Reza Basharzad, Jessica Betts, and Chris Perino.

First Look presentation by Newport Capital Partners, a MWDBE real estate credit manager, to the CTPF Investment Committee on April 5, 2024.

Clarion Partners presentation of the Lion Properties Fund (core open-end) to ICERS board at the September 20, 2023 meeting. Covers firm overview, fund strategy, portfolio composition, and performance. Fund had ~$79.8B AUM at time of presentation.

First Look presentation by Preservation of Affordable Housing (POAH), a MWDBE affordable housing developer and manager, to the CTPF Investment Committee on June 2, 2023.

TA Realty investment committee presentation for Value-Add Fund XIV to CTPF on September 11, 2025, covering fund strategy, portfolio construction, and terms.

Fund presentation deck for PIMCO European Data Center Opportunity Fund presented to VCERA at the May 19, 2025 Disability & Business Meeting. VCERA approved a $30 million commitment.

Fund presentation deck for LaSalle Value Partners US IX, L.P. presented to VCERA at the March 27, 2023 Business Meeting. VCERA approved a $75 million commitment.