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Public-record fund presentations, plus the staff memos and consultant reports that accompany them in public pension and endowment board materials. Filter by document type, sector or location. Every link points to the official source.
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See plans2,470 documents·984 GP·686 LP·800 consultant
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Staff memo (April 8, 2025) documenting executed real estate contract actions: Blue Vista Real Estate Partners IV fee-reduction amendment, Blackstone Property Partners MFN election, and Long Wharf Real Estate Partners VII LP amendments.
Callan quarterly real estate portfolio performance report for NHRS for the period ending December 31, 2024, included as informational material at the April 8, 2025 IIC meeting.
CIO delegated authority memo (April 7, 2025) reporting $75M staff-approved commitment to Basis Investment Group Real Estate Debt Fund III; reviewed by Callan’s Alternative Investment Review Committee February 18, 2025.
PRIM's April 2025 RFP for private real estate appraisal services, covering PRIM's approximately $10B core private real estate portfolio; led to selection of Altus Group.
Board meeting notice documenting Meketa's Q4 2024 performance review, implementation plan, benchmarking analysis, and investment manager fee review for COPERS, heard April 3, 2025.
ICM packet for April 2 2025 containing the updated ACERA Real Assets Policy (NEPC-prepared) as an action item, plus the 2025 Real Assets Investment Plan (2025–2034). The plan targets a 6% total fund weighting for real assets with a 67% private infrastructure / 33% private natural resources sub-class split. NEPC proposed using a liquid pool (S&P Global Infrastructure Index 60% / S&P Global LargeMidCap Commodity and Resources Index 40%) while building the private portfolio. Commitment pacing of $120–$170M/year planned.
CIO quarterly review for Q4 2024; new commitments of $405.5M across asset classes including Real Estate & Infrastructure; REID unfunded ~$2.8B.
Aon Q1 2025 quarterly investment review for Oklahoma TRS covering total fund performance through March 2025, real estate composite returns, and private markets allocation.
Meketa Q1 2025 private markets report for Oklahoma TRS covering real estate (31 funds, $2.54B committed, $1.67B FMV), IRR 5.2%, with fund-level performance detail.
Audited IFRS financial statements for BCI's QuadReal Realty pooled fund, the primary Canadian real estate equity vehicle, for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's Realpool Global Mexico pooled fund, a Latin America-focused real estate equity vehicle managed by QuadReal, for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's QuadReal Multi-Asset Realty pooled fund covering globally diversified real estate equity for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's Realpool Global pooled fund, a globally diversified real estate equity vehicle managed by QuadReal, for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's QuadReal Real Estate Debt pooled fund, covering $3.2B+ in mortgage and real estate debt investments, for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's QuadReal US Pension A pooled fund, a U.S. real estate equity vehicle for BCI pension clients, for fiscal year ended December 31, 2024.
Audited IFRS financial statements for BCI's QuadReal US Pension C pooled fund, a U.S. real estate equity vehicle for BCI pension clients, for fiscal year ended December 31, 2024.
Albourne Partners presented a Real Assets Education session to the Real Assets Committee covering portfolio strategy, infrastructure, natural resources, and market context for LACERA's real assets portfolio.
NEPC Q1 2025 quarterly investment consultant performance report for TMRS Board, covering real assets composite performance under the new simplified asset allocation framework effective January 1, 2025.
First quarter 2025 performance review by Callan with private real assets and manager-level real estate breakdown.
NEPC Q4 2024 quarterly investment consultant performance report for TMRS Board, noting real estate declined 0.29% (vs. benchmark -8.04%) for the year ended December 31, 2024.
Meketa Investment Group due-diligence summary memo on Raith Real Estate Fund IV for ERSRI's non-core real estate allocation. Dated March 26, 2025.
Staff and RVK joint recommendation for a $50M commitment to Blue Owl Real Estate Fund VII (net lease), included in the March 2025 VPIC board book. Describes the net lease strategy's income-generation focus, industrial/sale-leaseback orientation, and role as a diversifier to the core real estate portfolio.
PSERS staff presentation and board resolution committing up to €75M to Realterm European Logistics Fund II, SCSp (RELF II). Realterm is a highly experienced owner-operator of mission-critical, transportation-oriented industrial logistics properties at major European transfer hubs. Target 30-50 asset portfolio. Board approved March 21, 2025.
Board approval page for the March 21, 2025 SBI meeting confirming authorization of private markets fund commitments.
FEG Q4 FY2024 investment update covering LTIP real estate performance (+1.7% relative contribution); real estate allocation 6.2% of $1.13B pool.
SCERS Annual Investment Operations Report presented at March 19, 2025 board meeting. Reviews all investment activity, manager lineup, and operational metrics for the prior year across all asset classes including real estate.
Townsend Group quarterly real estate performance report for SCERS covering Q4 2024 (quarter ended December 31, 2024). Portfolio 6.5% allocated vs 9.0% target. Top performers: Townsend RE Fund (+4.9%), MetLife Core Property Fund (+1.9%), Sculptor RE Fund III (+8.5%). New Q4 2024 commitment: Sculptor Real Estate Fund V ($50M non-core).
Cliffwater quarterly performance review for SCERS alternative assets: Absolute Return (Q4 2024), Private Equity, Private Credit, and Real Assets (Q3 2024). Real Assets returned 0.8%, outperforming benchmark. Infrastructure-led performance.
Verus ALM study conclusions and strategic asset allocation revisions approved at March 19, 2025 board meeting. Revised real estate target from 9% to 8% (range 6-10%), revised real assets target from 7% to 5% (range 3-7%), increased private credit to 10% target. Reduction in real estate target reflects continued underallocation and market conditions.
SWIB committed $28M to WESCO V (Essex Property Trust) in Q4 2024. Core West Coast apartment investment program. Disclosed in March 2025 SWIB Board of Trustees meeting.
SWIB committed $50M to 1547 Data Center Fund III (FifteenFortySeven Critical Systems Realty) in Q4 2024. Fund targets existing data center acquisitions and build-to-suit developments with $300M raise target and 20% gross IRR target. Disclosed in March 2025 SWIB Board of Trustees meeting.
Callan Associates Q3 2024 quarterly peer performance report embedded in March 2025 SWIB Board of Trustees meeting materials.
SWIB committed $110M to Bridge Logistics Value Fund II (Bridge Investment Group) in Q4 2024. Non-core industrial/logistics strategy targeting US gateway markets. Fund target $1B. Disclosed in March 2025 SWIB Board of Trustees meeting.
SWIB committed $100M to Berkshire Bridge Loan Investors-MF1 III, L.P. (Berkshire Residential Investments / Limekiln Real Estate) in Q4 2024. Private lending fund supporting US transitional multifamily assets. Disclosed in March 2025 SWIB Board of Trustees meeting.
Q4 2024 RE Quarterly Activity Report. Committed $288M across four funds: Bridge Logistics Value Fund II ($110M, Bridge Investment Group, non-core industrial), Berkshire Bridge Loan Investors-MF1 III ($100M, multifamily debt), 1547 Data Center Fund III ($50M, FifteenFortySeven, target 20% gross IRR), WESCO V ($28M, Essex Property Trust, West Coast apartments). Portfolio $11.8B, 9% CTF.
Investment Committee agenda for Mar 18 2025 recommending top-off and co-invest commitment to Starwood Distressed Opportunity Fund XIII, L.P. (Starwood Capital Group).
Board formally adopts resolution restructuring PPAR ETI program: commits $70M (from $29M) to permanent takeout financing for affordable multifamily in New York State via Community Preservation Corporation, with extended rate locks.
BERS staff memo recommending Meketa Investment Group as new private markets investment consultant covering real estate, infrastructure, and private equity, replacing Aksia CA; includes Meketa selection rationale memo.
Quarterly performance deck (Dec 31, 2024): UCRP real estate $6.96B – BREIT 49% ($3,387M), Legacy 51% ($3,573M); 5.8% one-year return.
Meketa Investment Group semi-annual real estate performance review for CalPERS for the period ended December 31, 2024 (Item 6a Attachment 5, March 17 2025). RE portfolio comprised 71.6% of Real Assets. Returns exceeded benchmark for 1-year period. 14 pages.
CalPERS Investment Committee agenda staff memo for Item 6a, March 17 2025. Trust Level Review Consultant Report introducing Wilshire performance review and Meketa semi-annual program reviews. Meketa RE Performance Review (Dec 31 2024) is Attachment 5; Meketa Infrastructure is Attachment 6.
PSERS Investment Committee pre-deliberation meeting March 13, 2025 covering Realterm European Logistics Fund II SCSp, I Squared Infrastructure Credit Fund II, I Squared Infrastructure Fund IV, K6 Private Investors, and Stellex Capital Partners III. Formal action at March 20, 2025 board meeting.
IFC minutes from March 5 2025 embedded in APERS March 2025 board packet. Board approved three new core infrastructure managers: CBRE, IFM, and JPMorgan (each $50-75M). Approved StepStone Group LP as secondary real estate manager (paired with Neuberger Berman). Approved Blue Owl IPI (AI/data center infrastructure strategy) for $50-75M. Also includes Callan Q4 2024 real assets report showing performance for Carlyle, Clarion, Invesco, Heitman REIT, Principal Enhanced Property Fund, Harrison Street VIII/IX, Heitman Value Partners IV, LaSalle VI/VII, TA Realty XII/XIII.
Callan LLC quarterly real assets report for period ending December 31 2024, embedded in APERS March 2025 board packet. Core RE: Carlyle Property Investors 0.85%, Invesco Real Estate 0.26%, Heitman Real Estate Trust LP -0.90%, Principal Enhanced Property Fund -0.05%. Non-core RE: Harrison Street Fund VIII and IX reported, Heitman Value Partners IV, LaSalle Income & Growth VI (-28.53% fiscal YTD), LaSalle VII (-11.06%), TA Realty XII (1.04%), TA Realty XIII (40.64% 1-year). Callan notes: Clarion Partners hiring Josh Pristaw as MD/President; Principal Real Estate hiring Richard Hill.
Staff memo and presentation on SFERS liquidity management; 2025 Real Assets commitment pacing set at $550M (down from $600M); total private markets allocation 51% vs 40% target; worked with Cambridge Associates on cash flow and commitment pacing models.
CalSTRS Investment Committee item for RFA semi-annual real estate performance report for period ending September 30, 2024; presented March 12, 2025.
Staff presentation and consideration of Artemis Real Estate Partners Healthcare Fund III, L.P., a Core-plus healthcare-focused real estate fund. Includes 2025 pacing plan summary targeting $850M non-core and $500M core real estate commitments. Recommended commitment up to $150M.