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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 plans2,511 documents·1,050 GP·686 LP·775 consultant
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Quarterly portfolio allocation report first showing Artemis Real Estate Partners Fund IV alongside core RE (American Realty, Barings) and other closed RE (Big Real Estate Fund I, Big Real Estate Fund II, Thor Equities); presented at April 18, 2024 board meeting.
SCERS quarterly investment manager compliance and watch list report for Q1 2024. Reviews compliance of all investment managers including real estate managers such as Clarion, Townsend, Carlyle, and others.
BAM staff memo and full Responsible Property Management Standards (RPMS) policy text adopted by BERS for all prospective private real estate equity funds, covering tenant rights and management practices for residential rental holdings.
Board recap summarizing real estate and private credit asset class overview by senior managing directors; covers historical background, investment guidelines, portfolio performance, and private credit within real estate portfolios.
Board approved up to $35M commitment to High Street Value Fund I at April 11, 2024 meeting; fund is a value-add real estate strategy by High Street Real Estate.
Callan quarterly real estate portfolio performance report for NHRS for the period ending December 31, 2023, included as informational material at the April 9, 2024 IIC meeting.
Callan review of Heitman Value Partners VI LP, the sixth in Heitman's North American value-add series. Targets 12-14% net IRR. Delinked Sector strategy investing across traditional and specialty property types. Includes full series track record (HVP I-V) and Callan recommendation. Dated April 4, 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, 2023.
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, 2023.
Audited IFRS financial statements for BCI's QuadReal Real Estate Debt pooled fund covering mortgage and real estate debt investments for fiscal year ended December 31, 2023.
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, 2023.
Verus Advisory quarterly investment performance review for TCERA as of March 31 2024, including real estate and real assets portfolio data.
FEG Q4 FY2023 investment update presented at March 2024 board meeting covering real estate sub-class performance in the endowment pool.
Monthly investment flash report presented at March 21, 2024 board meeting; first appearance of Artemis Real Estate Partners Fund IV in the closed real estate composite, reflecting a new value-add commitment approved in closed session in late 2023.
Quarterly GEP performance deck (Dec 31, 2023): real estate $2.66B total; BREIT 59% ($1,580M), Legacy 41% ($1,082M); 5.1% one-year return.
Cliffwater quarterly performance review for SCERS alternative assets: Absolute Return (Q4 2023), Private Equity, Private Credit, and Real Assets (Q3 2023). Real Assets returned 1.0%. New Q4 2023 commitment: KKR Asia Pacific Infrastructure Fund II ($50M real assets infrastructure).
SCERS Annual Investment Operations Report presented at March 20, 2024 board meeting. Reviews investment activities, manager lineup, and operational metrics for 2023 across all asset classes including real estate.
Townsend Group quarterly real estate performance report for SCERS covering Q4 2023 (quarter ended December 31, 2023). Portfolio declined -4.0% vs benchmark -4.9%. Top non-core performers: NREP Nordic Strategies Fund (+5.0%), ECE European Prime Shopping Centre Fund II (+4.6%), DRC European Real Estate Debt Fund (+4.4%). Bottom: Carlyle China Realty (-25.3%), KKR Real Estate Partners Americas (-23.2%). No new commitments Q4 2023.
NEPC capital market assumptions and 2024 asset allocation review embedded in March 2024 SWIB Board of Trustees meeting. RE assumptions: Core 6.0%, Value-Add 7.5%, Opportunistic 8.4%, RE Debt 6.8%. WRS policy target 8% real estate.
Callan Associates Q3 2023 quarterly peer performance report embedded in March 2024 SWIB Board of Trustees meeting materials.
SWIB committed $45M to FPA Core Plus Fund III-A, LP (FPA Multifamily) in Q4 2023. Core-plus US multifamily opportunities. Disclosed in March 2024 SWIB Board of Trustees meeting.
SWIB committed $68M to Exeter Core Industrial Club Fund II (EQT Exeter, formerly Exeter Property Group) in Q4 2023. Core/core-plus US industrial strategy. Fund size $370M. Disclosed in March 2024 SWIB Board of Trustees meeting.
SWIB committed $100M to Heitman Real Estate Debt Partners III in Q4 2023 (disclosed March 2024 board) and an additional $50M in Q3 2024 (disclosed December 2024 board). Fund targets subordinate debt, senior bridge loans and construction loans for multifamily, SFR and self-storage in US primary/secondary markets. Managed by Heitman.
SWIB committed $100M to SRE Wilson Industrial Holdings, LLC in Q4 2023. Non-core industrial joint venture strategy. Disclosed in March 2024 SWIB Board of Trustees meeting. A second $100M commitment was made in Q4 2025.
Q3 and Q4 2023 RE Quarterly Activity Reports (two IC meetings). Q4 2023 commitments ($488M): FPA Core Plus Fund III-A ($45M, FPA Multifamily, multifamily), Exeter Core Industrial Club Fund II ($68M, EQT Exeter, core industrial), SRE Wilson Industrial Holdings ($100M, non-core industrial JV), Wilson DWS Senior Finance ($175M, DWS, non-core RE debt), Heitman Real Estate Debt Partners III ($100M, subordinate debt/construction). Portfolio ~$11.9B, ~10% CTF.
SWIB committed $175M to Wilson DWS Senior Finance, LLC (DWS) in Q4 2023. Non-core real estate debt/construction lending separate account strategy. Disclosed in March 2024 SWIB Board of Trustees meeting.
StepStone real estate Q3 2023 quarterly report; Q3 new commitment: Rialto Real Estate Fund V – Debt ($83M); Q4 subsequent: GCM Grosvenor NYC Emerging RE Managers 2023-1 ($181M), Cortland Enhanced Value Fund VI ($86M), KKR Real Estate Partners Americas IV ($122M).
NYCERS Board adopted the Responsible Property Management Standards (RPMS) policy in April 2024, requiring all prospective private real estate equity fund managers to commit to fair residential management practices.
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.
Meketa Investment Group semi-annual real estate performance review for CalPERS for the period ended December 31, 2023 (Item 7a Attachment 4, March 18 2024). Covers portfolio returns, leverage (33.8% LTV), sector/geographic allocation, and market commentary. 13 pages.
CalPERS Investment Committee agenda staff memo for Item 7a, March 18 2024. Trust Level Review Consultant Report introducing Wilshire performance review and Meketa quarterly program reviews. Meketa RE Semi-Annual Review (Dec 31 2023) is Attachment 4; Meketa Infrastructure is Attachment 5.
Investment Committee staff report (File 24-042) recommending Board approval of a $150M commitment to TPG Angelo Gordon Essential Housing Fund III; a real estate debt strategy providing off-balance-sheet land financing to US homebuilders.
Staff educational presentation on PERA's $3.9B Alternatives program covering Opportunistic, Real Assets, and Risk Mitigation sub-portfolios with portfolio construction, performance, and commitment history as of September 30, 2023.
Investment Committee agenda for Mar 12 2024 recommending commitment to NB Real Estate Secondary Opportunities Fund II, L.P., a real estate secondaries fund managed by Neuberger Berman.
Presentation and consideration of Carlyle Realty Partners X, L.P., a real estate fund opportunity presented by Denise Stake (PIO) and Philip Conner (IO). Carlyle committed $250M at May 2024 IAC meeting (announced from March 2024 presentation). Fund X is successor to Carlyle's flagship value-add/opportunistic US real estate series.
RCLCO Fund Advisors Q3 2023 semi-annual real estate strategy presentation for CalSTRS; portfolio had $49.1B NAV at 15% target allocation; 10-year net TWR of 8.6% outperforming ODCE benchmark.
CalSTRS Investment Committee item for RFA semi-annual real estate performance report for period ending September 30, 2023; presented March 6, 2024.
NEPC quarterly real estate performance review for PA SERS as of September 30, 2023. Presented at February 27, 2024 Investment Committee meeting, alongside the RE and PE pacing discussion that approved a $300M commitment pacing level for non-core real estate in 2024.
Board approval page for the February 29, 2024 SBI meeting confirming authorization of $175M to Oaktree Real Estate Opportunities Fund IX and $150M to Blackstone Energy Transition Partners IV.
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.
Mandatory Quebec filing listing all private-market real estate fund investments as at December 31, 2023, including Greystar Growth and Income Fund (892), Greystar Equity Partners IX and X, Aermont Capital RE Funds, GS UK Multifamily, and GTIS Brazil RE Fund III-A.
CDPQ 2023 annual report covering the real estate portfolio (-6.2% return despite market index at -10.0%); key transactions include URBZ Capital logistics (Germany), Safely Store self-storage partnership (US$400M), and LaSalle syndication of Vaughan Mills.
IMD staff inflation-sensitive portfolio review as of 12/31/2023; includes real assets sub-strategies (infrastructure, timberland, private natural resources, energy), allocation vs. SAA target, and pacing history.
RVK annual non-core real estate pacing study for VPIC recommending $70M/year in commitments over 2024-2028. Reviews current non-core RE portfolio, the UBS Trumbull core RE redemption situation, and recommends increasing the annual pacing from $60M to $70M to reach the 4% allocation target.
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.
RCLCO Fund Advisors written memo summarizing CalSTRS real estate portfolio performance as of Q3 2023 (September 30, 2023), including returns vs ODCE benchmark and portfolio NAV of $49.1B.
Albourne (Jennifer Yeung and William Greenwood) presented quarterly review of Infrastructure, Natural Resources, and Real Estate portfolios as of September 30, 2023 at February 8, 2024 board meeting.
ICM packet for February 7 2024 containing NEPC's full 2024 capital market assumptions presentation (as of December 31 2023), including 10-year return forecasts for Real Estate Core (4.9%), Private Real Assets Infrastructure (5.4%), REIT (4.6%), and Private Debt Real Estate (part of private debt at 6.1%). Covers 2024 market themes (cost of capital, AI, geopolitics, fiscal debt), real asset yield assumptions, and inflation methodology.