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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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Detailed presentation for Artemis Real Estate Partners Healthcare Fund III, L.P. – a Core-plus fund focused on medical office, senior housing, and healthcare-related real estate debt. Artemis expected to be acquired by Barings LLC (MassMutual subsidiary) by Q1 2025. Recommended commitment $150M. Strong demographic fundamentals from aging population cited as key driver.
Meketa quarterly performance review covering CRPTF real estate portfolio through Q4 2024. RE portfolio NAV approx. $3.2B (10.3% of CRPTF). Real estate benchmark: NCREIF NFI-ODCE 1Q Lag. Identifies top managers by NAV including Artemis (12.5%), Carlyle (11.2%), Blue Owl (5.7%), Clarion (4.8%), Landmark (3.8%), PGIM (3.7%), Centerbridge (3.6%).
ICM packet for March 5 2025 containing NEPC's information item reviewing proposed amendments to ACERA's Real Assets Policy (with redline), plus NEPC's semiannual total fund performance review for December 2024. The RE policy review (as information item ahead of the April 2025 approval) covers proposed changes to sub-class targets, liquid pool proxy strategy, and delegated authority. The March packet also contains the Emerging Markets equity manager finalist interviews.
NEPC quarterly real estate performance review for PA SERS as of September 30, 2024. Presented at February 25, 2025 Investment Committee meeting alongside the 2025 market outlook education session.
Q4 2024 board quarterly update documenting PRIM Board approval of $150M each to DWS Group and PGIM Real Estate for active U.S. REIT equity mandates, plus benchmark recommendations for real estate.
Mandatory Quebec filing listing all private-market real estate fund investments as at December 31, 2024, including Greystar Growth and Income Fund, Greystar Equity Partners X, Blackstone RE Partners, Rockpoint, TPG RE Partners, Aermont, and GTIS Brazil RE Fund III-A.
CDPQ 2024 annual report covering the real estate portfolio (-10.8% return); key RE transactions include Walker & Dunlop residential partnership (US$500M), Scape/APG student housing JV (AUD 1B), and URBZ Capital logistics in Sweden.
PSERS Investment Office private real estate asset class review presented February 28, 2025. Covers portfolio role, performance (outperformed benchmark by 310bps as of June 2024), market update for industrial and multifamily, strategic plan, and 2025 Aksia pacing model recommending $300-$600M annual commitments. Portfolio at 6% SAA target allocation.
IMD staff rebalancing overview showing non-core real estate underweight at 1.6% vs 3.0% SAA target and core real estate near-target at 4.9%; Phase II to deploy capital via private market pacing plans in May 2025.
NEPC quarterly private real assets report as of September 30 2024, presented at the February 25 2025 StanCERA Board meeting. Covers performance of real estate and real assets holdings including Morgan Stanley Prime Property Fund, PGIM US Debt Fund, American Strategic Value Realty Fund, Greenfield VII, Grandview I & II, and TA Realty Fund XIII. Includes AB2833 alternative investment fee and expense report for FY2024. Bundled in February 25 2025 board book.
D.B. Fitzpatrick monthly update on Idaho Commercial Mortgage Program for January 2025. Commercial RE market has been muted for two years; stabilization expected. Strong Idaho economy benefiting properties. New loan originations $4.9M in January. Portfolio: no delinquencies, no REO. DBF Idaho Mortgages: 6.7% trailing year return.
Adelante Capital Management monthly REIT manager report for January 2025. Performance: outperformed Wilshire US REIT by 19 bps (month) and 20 bps (quarter). Best holding: ProLogis +12.6%; worst: Digital Realty Trust -7.6%. Includes commercial RE outlook noting signs of stabilization in office and retail. New positions: Agree Realty and VICI Properties.
Staff memo (February 21, 2025) documenting real estate contract actions: BRASA III LP amendment, Cabot Industrial Value Fund VI management services consent, Newport Capital Fund III advisory committee consents.
RCLCO Fund Advisors Q3 2024 semi-annual real estate strategy presentation for CalSTRS Investment Committee covering performance through September 30, 2024.
Quarterly portfolio allocation report showing real estate composite with core RE (American Realty, Barings) and closed RE (Big Real Estate Fund I, Big Real Estate Fund II, Artemis RE Partners IV, Thor Equities); presented at February 20, 2025 board meeting.
Verus total fund investment performance review for SCERS for Q4 2024. Covers all asset classes including real estate. Follows completion of the ALM study and strategic asset allocation revision lowering real estate target to 8%.
NEPC total-fund IPA for period ending Dec 31, 2024; covers NMERB private real estate composite performance; presented at Feb 2025 BOT meeting.
Meketa Investment Group quarterly total fund performance report for period ending December 31, 2024, including ERS real assets allocation and performance attribution.
Albourne (William Greenwood and Sean Crawford) presented quarterly report covering Infrastructure, Natural Resources, and Real Estate portfolios as of December 31, 2024 at February 13, 2025 board meeting.
Callan quarterly real estate portfolio performance report for NHRS for the period ending September 30, 2024, included as informational material at the February 11, 2025 IIC meeting.
Board of Retirement staff report (File 25-038) covering Q4 2024 deal flow for both private equity and private real estate; 12 of 36 proposed investments approved; 2025 pacing plan budgeted at $650M PE and $145M RE.
Staff memo from Retirement Investment Officer Conor Hinds reporting on fourth-quarter 2024 investment activity. Real estate manager activity includes: October 14, 2024 — introduction to ACORE private credit investment; November 4, 2024 — Graceada Real Estate Annual General Meeting in Sacramento; November 12–14, 2024 — Invesco Real Estate Annual Global Client Conference in San Diego (annual fund meetings and property tours); November 18, 2024 — Ares AREOF III and Ares US RE Fund X fund updates. No new real estate commitments were made in Q4 2024 (new commitments were in private credit and private equity only). Portfolio exceeded $7B on December 6, 2024.
ICM packet for February 5 2025 containing NEPC's 2025 capital market assumptions presentation (as of December 31 2024), including 10-year return forecasts: Real Estate Core 5.5%, Real Estate Non-Core 7.2%, Private Debt Real Estate 6.3%, Private Real Assets Infrastructure 6.7%. Also includes ACERA's proposed 2025 ICM workplan and a delegated authority report on Orchard Global EleganTree Opportunities Fund III ($60M private credit opportunistic).
Minnesota SBI Annual Report for fiscal year ending June 30, 2024. Covers private markets program performance including real estate and real assets allocations, manager roster (KKR, Carlyle Group, Rockpoint, AG, Blackstone, Oaktree, Brookfield among others), and portfolio overview.
Hamilton Lane Q4 2024 RE performance update for SBCERS; 2024 total commitments reached $60M; deal reviews cover Grandview III, ABR Chesapeake Fund VII, and High Street Value Fund II; one-year IRR of 1.32%.
NEPC quarterly report covering BCFPERS real estate composite (~$344M, 10.2%) and real assets composite (~$525M, 15.6%); includes private RE partnership performance tables.
NJ Division of Investment quarterly Director's Report and investment reporting package presented to the State Investment Council at the January 29, 2025 regular meeting, covering capital markets update, pension fund performance as of December 31, 2024, and real estate/real assets portfolio detail including modifications to KSL Tactical Opportunities Fund II.
NJ Division of Investment staff presentation to the State Investment Council covering Fiscal Year 2024 performance (10.74% net return). Notes addition of private real estate and private credit sleeves to the Emerging Managers Platform as of December 31, 2024, and a second Emerging Managers Symposium in June 2024. Presented at the January 29, 2025 annual meeting.
Staff private markets program report as of September 30 2024, part of the January 28 2025 board book. Real estate program includes core and value-add strategies (open-end and closed-end funds). PGIM real estate debt fund and Grandview I provide performance support. Includes new Brookfield BSREP V commitment. Covers Morgan Stanley Prime, PGIM US Debt, American Strategic Value Realty, Greenfield VII, Grandview I & II, TA Realty XIII.
Staff commitment notice for $25 million commitment to Brookfield Strategic Real Estate Partners V, LP (BSREP V). Brookfield is a global alternative asset manager with ~$750B AUM, ~$240B in real estate. BSREP V invests opportunistically in real estate globally with focus on markets in Americas, Europe and Asia-Pacific. Targeting 20% Gross IRR and 2.0x gross multiple with 20% GP commitment. Allocated to Value-Add Real Estate sub-asset class. Committed December 20 2024, ratified at December 3 2024 meeting; reported in January 28 2025 board book.
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.
Meketa Investment Group due-diligence summary memo on Greystar Essential Housing Fund I for ERSRI's non-core real estate allocation. Dated January 28, 2025.
Presentation and consideration of GCM/CT Real Estate Small and Middle Market Fund, L.P. (SMRE), a customized fund-of-one investing in small and middle market real estate managers. Presented by Denise Stake (PIO) and Olivia Wall (SIO). Committed at $250M. Part of CRPTF Inclusive Investment Initiative (Ci3).
Presentation and consideration of BIG Real Estate Fund III, L.P., a non-core real estate fund presented by Denise Stake (PIO) and Philip Conner (IO). Committed at $200M. Part of 2025 pacing plan non-core allocation. Also at same meeting: GCM/CT Real Estate Small and Middle Market Fund, L.P. and 2025 pacing plan overview.
2025 private markets pacing plan presented by Mark Evans and Denise Stake. RE 2025 targets: $500M core, $850M non-core ($1.35B total). Plan developed to achieve RE strategic allocation of 10% of CRPTF. Includes multi-year pacing projections and commitment size targets.
Meketa Investment Group 2025 private real estate pacing plan and portfolio review for ERSRI, covering core and non-core real estate allocations, commitment pacing, vintage-year diversification, and portfolio construction. Dated January 16, 2025, presented January 22, 2025.
Board of Retirement staff report (File 24-453.1) recommending approval of the 2025 Real Estate Pacing Plan targeting up to $145M in commitments across core (including RE debt) and non-core strategies.
ICM packet for January 8 2025 containing NEPC and Staff's information item reviewing proposed amendments to ACERA's Private Equity Investment Policy. The policy explicitly cross-references the Real Estate Policy and Real Assets Policy, noting that opportunistic real estate investments are covered under the PE policy. The proposed workplan for 2025 shows upcoming real estate items including a real estate policy amendment and a possible real estate core investment decision.
Hamilton Lane 2025 annual real estate strategic plan for SBCERS; covers portfolio snapshot ($466.7M market value, 47 active partnerships), 2024 $60M commitment review, 2025 $45M pacing target, manager monitoring, and strategic allocation targets.
CIO quarterly review for Q3 2024 presenting new commitments within Real Estate & Infrastructure Division; discusses public vs. private real estate themes.
Investment Committee agenda for Jan 7 2025 recommending a top-off commitment to NB Real Estate Secondary Opportunity Fund II, L.P. (supplementing the 2024 initial commitment), part of the $555M 2025 alts pacing plan.
Fiduciary and conflict of interest review covering April 1, 2021 through March 31, 2024. Describes governance of real estate and real assets investments including roles of the Real Estate Advisory Committee (REAC) and Internal Investment Committee (IIC) in reviewing fund commitments. Covers placement agent policies, code of ethics, and manager relationships.
Complete asset listing as of March 31, 2025 including all real estate investments (pages 140-143) and real assets investments (page 160). Lists 100+ funds with book and fair values including: Blackstone BREP Asia I-III, BREP Europe VI-VII, BREP V/VI/VIII/IX/X, Blackstone Property Partners, Blue Owl Digital Infrastructure Fund III, Brookfield SREP II-B/III-B/IV, Carlyle Europe RE Partners III, Cortland Enhanced Value VI, Exeter Europe Logistics IV, KKR REPA III, LaSalle Property Fund, Oaktree RE Opportunities VIII-IX, Stockbridge RE Fund II-D/III-A, Trumbull Property Fund, WCP NewCold III, and many others.
Annual comprehensive financial report for the year ended March 31, 2025. Includes full real estate investment listing (140+ funds including Blackstone BREP series, Brookfield SREP IV, Carlyle Europe RE Partners, KKR REPA, Oaktree RE Opportunities, Stockbridge RE Fund III, Trumbull Property Fund, LaSalle Property Fund, Asana Partners Fund III, Artemis Healthcare Fund II, EQT Exeter Europe Logistics IV, and many others). Real estate target allocation 9.0%, actual 9.33%.
Meketa Q4 2024 interim private markets report covering Oklahoma TRS real estate portfolio of 31 funds ($2.54B committed, $1.64B FMV) and private equity program.