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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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Marquette Associates monthly flash report for Aug 2023 IC meeting; real estate composite at 6.8% of portfolio ($113.4M) across American Realty, Morgan Stanley, and UBS Trumbull; NFI-ODCE benchmark tracking.
GP presentation for Blackstone Real Estate Partners Europe VII, an opportunistic European real estate fund targeting €10B. Minnesota SBI's inaugural commitment to the BREP Europe series; up to $150M approved August 23, 2023.
Board approval page for the August 23, 2023 SBI meeting confirming authorization of up to $150M to Blackstone Real Estate Partners Europe VII and up to $200M to Brookfield Strategic Real Estate Partners V.
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.
ERS staff FY2024 private real estate capital plan (Aug 2023) outlining commitment schedule Sep 2023–Aug 2024; portfolio stats as of Dec 2022: $6.4B committed, 12.3% IRR, $3.8B fair market value.
Verus annual total portfolio performance review including a 2023 Real Assets Outlook section covering commercial real estate dislocations, infrastructure valuations, and CCCERA's private RE portfolio update as of June 30, 2023.
Combined board calendar sheet, SFERS staff presentation, and Cambridge Associates consultant presentation on the Real Assets portfolio as of 12/31/2022; $5.2B NAV, 8.7% net IRR since inception.
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.
Meketa Investment Group due-diligence summary memo on IPI Partners III for ERSRI's non-core real estate allocation. Dated August 16, 2023.
PSERS staff recommendation to commit up to $200M to TCI Real Estate Partners Fund IV LP. TCI focuses on stretch senior whole loans of $250M–$1B+ in North American and Western European major markets. Strategy is unlevered and targets first mortgage acquisition and construction lending. Board resolution August 11, 2023.
PSERS staff recommendation to commit $300M to Brookfield Strategic Real Estate Partners V, L.P. (BSREP V). Fund targets office, retail, multifamily, logistics, hospitality, and alternative sectors (life sciences, manufactured housing, student housing, senior living, self-storage) globally. Target fund size $15B. Board resolution August 11, 2023.
CIO approved under delegated authority a $150M commitment to Bain Capital Real Estate Fund III, a non-core private real estate fund with a US/global large-cap opportunistic strategy targeting long-term demand growth areas.
Hamilton Lane quarterly RE performance update for SBCERS covering Q2 2023 results; 2023 commitments include Stockbridge Value Fund V, KSL Capital Partners Credit Opportunities Fund IV, and NW1 IOS REIT.
NEPC quarterly IPA; records Realterm European Logistics Fund II ($75M, RE) and Kildare Partners IV ($100M, Real Assets) approved Apr–Jun 2023.
NEPC monthly flash report with full private real estate partnership performance (20+ positions including LaSalle, Kayne Anderson, Dalfen, IPI Data Centers, Torchlight, ABR Chesapeake) and real assets partnerships (Grain Communications Funds II and III).
RVK, Inc. capital market assumptions update, asset/liability study summary, and asset allocation recommendations presented to the State Investment Council at the July 26, 2023 regular meeting. The Council voted to approve revised asset allocation targets including changes to Real Estate and Real Assets class targets effective October 1, 2023.
NJ Division of Investment quarterly Director's Report presented to the State Investment Council at the July 26, 2023 regular meeting. Includes capital markets update through May 2023, pension fund asset allocation and net returns, and alternative investment fund commitment updates.
FEG Q1 FY2024 investment update reviewing endowment pool real estate sub-class allocation and performance.
Aksia LLC consultant recommendation memo recommending a $200M commitment to TCI Real Estate Partners Fund IV LP. TCI REP focuses on large-loan first mortgage lending ($250M-$1B+) in N. American and W. European major markets. Dated July 17, 2023.
Investment Committee informational staff report (File 23-114) on mid-year 2023 RE pacing update; reports one $10M Apollo life-science co-investment committed YTD against $100M budget.
TRS IMD annual real estate portfolio review: 2022 performance vs NCREIF ODCE, capital plan ($1.9B for 2023), spotlight on office-sector underweighting; presented by Grant Walker at July 13, 2023 IMC meeting.
ICM packet for July 12 2023 at which the board considered a $30 million investment in LS Power Equity Partners V as part of ACERA's real assets portfolio (natural resources / energy infrastructure). GP materials exempt from disclosure per CA Gov. Code. The packet also contains Verus's workplan and an emerging markets equity evaluation criteria follow-up memo.
BCI 2022-2023 annual report with real estate equity and debt program performance sections covering QuadReal managed portfolios, sector rotation, and Canadian/global allocations.
Meketa quarterly performance update covering all asset classes including real estate core and non-core allocations for COPERS as of June 30, 2023.
Verus Advisory real assets outlook and performance review prepared for TCERA as of June 30 2023 covering private real estate and infrastructure.
Second quarter 2023 performance review by Wilshire Advisors including private real assets and real estate manager-level data; portfolio $50B.
CIO quarterly report covering Q1 2023 new RE&I commitments including $326M to SMP Data Center LLC (Principal Real Estate Investors); two total RE&I commitments that quarter.
CIO executive summary attachment for June 2023 SMIB meeting presenting Q1 2023 new commitments in Real Estate & Infrastructure including data center investment.
Aksia LLC consultant recommendation memo recommending a $300M commitment to Brookfield Strategic Real Estate Partners V (BSREP V). Brookfield Property Group has ~$260B AUM. Fund targets opportunistic return across diversified global real estate sectors. Dated June 22, 2023.
Townsend Group quarterly real estate performance report for SCERS covering Q1 2023 (quarter ended March 31, 2023). Core portfolio down -0.4% led by Prologis U.S. Logistics. Non-Core top performers: Sculptor RE Fund III (+10.1%), NREP Nordic Strategies Fund II (+9.4%). No new commitments were made during Q1 2023.
Cliffwater quarterly performance review for SCERS alternative assets: Absolute Return (Q1 2023), Private Equity, Private Credit, and Real Assets (Q4 2022). Real Assets returned 2.1% for the period ending December 31, 2022. New commitments: Cortec Group Fund VIII ($30M PE buyout); NGP Royalty Partners II ($25M real assets additional commitment).
CalPERS staff presentation for the Real Assets Annual Program Review as of March 31, 2023 (Item 6e Attachment 1, June 20 2023 meeting). 22-page deck covering RE and Infrastructure program overview, market environment, performance, and key initiatives. Presented by Sarah Corr, Daniel Booth.
CalPERS Investment Committee agenda staff memo for Item 6e, June 20 2023. Covers the Real Assets Annual Program Review (RE + Infrastructure combined) and introduces attachments including Meketa RE and Infrastructure consultant reports.
Meketa Investment Group annual program review inclusive of quarterly real estate performance review for CalPERS as of March 31, 2023 (Item 6e Attachment 2, June 20 2023). Covers portfolio returns, sector allocation, leverage, and market commentary. 14 pages.
Meketa Investment Group annual program review inclusive of quarterly infrastructure performance review for CalPERS as of March 31, 2023 (Item 6e Attachment 3, June 20 2023). Covers infrastructure portfolio returns, policy parameters, and market commentary. 13 pages.
UTIMCO Real Return team (Edward Lewis, Mukund Joshi) presents $10.4B real return portfolio covering private real estate (-0.6% IRR), infrastructure (+9.5% IRR), and natural resources; discusses Co-GP real estate initiative; SAA shift to 9% RE and 9% infra targets.
STRS Ohio annual investment plan for fiscal year 2024, adopted June 2023; RE near 10% neutral target; international focus on Japan logistics, Europe distressed; direct portfolio reducing office exposure.
ICM packet for June 14 2023 containing Verus semiannual performance reviews for December 31 2022 (private equity, private credit, real assets) and March 31 2023 (total fund), plus the GIC finalist selection meeting (Cortex search criteria and firm profiles for Callan, Meketa, NEPC, Verus). Real estate and real assets performance attribution included in total fund review section.
Real Assets Committee packet including StepStone Real Estate Performance Review presentation, Albourne Real Assets Performance Review presentation, and GRESB sustainability benchmark update.
Presentation and consideration of Penwood Select Industrial Partners VII, L.P., presented by Denise Stake (PIO) and Philip Conner (IO). Industrial value-add fund continuing Penwood's select industrial series. Part of CRPTF's 2023 RE deployment cycle.
IMD staff real estate program review covering sector analysis, recent commitments since 3/31/2022 (TPG RE IV, BREP X, BlackRock World REITs, Prime Storage NC, RXR NC), allocation, cash flows, performance, and pacing.
NC IMD staff real estate presentation covering $1.5B in new 2022 commitments including Blackstone BREP X ($500M), TPG RE Fund IV ($200M), Prime Storage NC ($300M), RXR NC ($200M), BlackRock World REITs ($300M).
IMD staff real estate portfolio update covering Q1 2023 allocation, commitments since 3/31/2022 ($1.5B including BREP X, TPG RE Fund IV, Prime Storage NC SMA, RXR NC SMA), and StepStone-sourced performance data.
NEPC asset allocation review for PSPRS presented May 2023. Presents alternative asset mix scenarios for the $18.5B fund, with real estate allocation scenarios ranging 5-20%. Updated 2023 capital market assumptions: Real Estate Core 4.5% (revised down -0.3%), Real Estate Non-Core 5.7% (-0.4%), Private Debt RE 5.8% (+0.6%). Includes strategic views on real assets as diversifier and correlation matrix analysis. Allan Martin and Rose Dean presenting.
Board approval page for the May 25, 2023 SBI meeting, confirming final authorization of up to $200M to TA Realty Associates XIII and up to $100M to AG Asia Realty Fund V.
PSERS staff recommendation to commit up to $200M to PIMCO Commercial Real Estate Debt Fund II, L.P. Fund targets first mortgage loans on transitional US commercial real estate, with a new 10-20% international allocation. Approved by AIC May 19, 2023; board resolution June 9, 2023.
ICM packet for May 17 2023 at which the board considered a $38 million investment in Davidson Kempner Opportunities Fund VI (classified by ACERA under private equity / debt-related special situations, with real estate debt exposure) as part of ACERA's private equity portfolio. Presenters: Alexis Georgiadis and Anthony Yoseloff of Davidson Kempner Capital Management, plus Faraz Shooshani of Verus Advisory. GP materials exempt from disclosure. Packet also contains a TCW Concentrated Core Equities watchlist review.