Fund Universe Library

Vintage Year Partnership Capital Commitment ... 0 $11 ... 0 $8 ... .5 $1 ... 5 1 ... 0 $1 ... $11 ... % 2 ... 21 Walton ... $12 ... 0. ... 5% 2 ... 21 Harrison ... 0 $1 ... 1 $0 ... $10 ... .5 0 ... 0 $1 ... % 2 ... 2 Abacus ... 0.0 $8 ... 1 0. ... % 2 ... 22 AEW ... 5 $11 ... 5 $1 ... .3 0 ... 22 Windsor Columbia Realty Fund ... 0 $2 ... 5.8 $ ... .3 1.31x 17.99% 2 ... 02x 3.37 ... P. $ ... 0 $2 ... 0.7 $0.7 $199.5 1x -0.68% 2 ... Real Estate Fund ... $100.0 $0.0 $0.0 $0.0 ... 0x N/M 2 ... 24 H

1% 2 ... 20 Harrison ... 0.0 $145.1 $27.1 $128.3 1.07 ... 2.23% 2020 Blue Owl Real Estate ... $200.0 $214.0 $90.5 $190.2 1.31x 11.38% 2020 Waterton Residential ... Venture XIV $150.0 $153.4 $4.2 $124.8 0.84 ... -6.13% 2021 AEW Core Property Trust $110.0 $110 ... 0 $2.6 $127.8 1.19 ... 3.86% 2021 G ... Fund $150.0 $165.6 $21.8 $203.3 1.36x 8.70% 2021 Walton Street Real Estate Core-Plus Fund $250.0 $257.6 $17.5 $241.6 1.01 ... 18% 2021 Harrison Street Life ... Non-Core $1 ... 0.0 $145.7 $0.4 $115.

communicated to the investment managers for their use in developing an appropriate investment ... be used as ... evaluation of investment performance by ... Asset Class Target Allocation Interim Target Long Term Ranges U.S. Large Cap 15% 14% 10% - 20% U.S. Small Cap 6% 6% 2% - 10% International [Large Cap] 7% 6% 3% - 11% International Small Cap 3% 3% 1% - 5.% Emerging Markets Equity 3% 3% 1% - 5.% Global Equity 3% 3% 1% - 5.% Core Fixed Income 37% 32% 29% - 45% Private Equity 7% 9% 4% - 13% Priv

For the one-year as of June 30, 2025, the PRIT Fund was up 9.6%, net of fees, underperforming the total capital fund benchmark of 10.9% by 131 basis points. • This performance equates to an investment gain of $10.1 billion, net of fees. • This underperformance equates to $1.4 billion of value below the benchmark return. • Net total inflows to pay benefits for the one-year ended June 30, 2025 were approximately $36 million. The following charts summarize the PRIT Fund performance for the one-year

TO: Members of the Investment Committee, CalPERS ... FROM: Meketa Investment Group DATE: June 16, 2025 RE: Annual Program Review, inclusive of Quarterly Real Estate Performance Review as of March 31, 2025 ... In our role as the Board Real Estate Consultant, Meketa Investment Group (“Meketa”) conducted an annual program review, inclusive of the quarterly performance review, of the Real Estate Portfolio (“the Portfolio”) based on data provided in Wilshire’s California Public Employees’ Retirement

I am pleased to present the 2025 Popular Annual Financial Report (PAFR) for Oregon PERS, covering the fiscal year ended June 30, 2025. This report provides an accessible summary of key financial and demographic information from our 2025 PERS Annual Comprehensive Financial Report (ACFR). While the PERS ACFR includes the full breadth of financial data and disclosures required under Oregon Revised Statute (ORS) 238.630, the PAFR is designed to give members, employers, and the public an easy-to-unde

REAL ESTATE QUARTERLY PERFORMANCE REPORT ... As of December 31, 2024 ... The table below displays trailing time period performance for the Pennsylvania State Employees’ Retirement System (“PA SERS”) Real Estate Portfolio as of December 31, 2024 along with select benchmarks ... ‒ The NCREIF Property Index, a benchmark of unlevered core real estate returns ‒ The C|A Non-Core Real Estate benchmark consists of non-core (value-add and opportunistic) closed-end real estate funds  The tot

Real Assets Performance Report – Q4 2025 ... May 2026 ... Real Assets ... P. 5 Portfolio Exposures ... P. 8 Real Assets Performance Update ...  The NCREIF Open End Diversified Core (“ODCE”) and NCREIF Property Index (“NPI”) reported Q4 2025 gross returns of 0.9% and 1.2%, respectively. 1,2  ... PI Transaction volumes during Q4 2025 were meaningfully up quarter- ... 275 property transactions (51 ... increase), driven by the industrial sector with a total ... 150 transa

Mid Fiscal Year Performance, as of December 31, 2025 The Permanent Fund exceeded $86.3 billion with a net of fee rate of return of 6.63%, which exceeded the Total Fund Return Objective of 2.92%, but lagged the passive index of 7.30% and the performance benchmark of 6.85%. Over the 10-year period, the Fund returned 9.02%, surpassing the Total Fund Return Objective of 8.20%, the passive index of 7.95%, and the performance benchmark of 8.72%. ... Private and Public Markets Overviews Allen Waldrop

New Mexico PERA - NM PERA - Real Estate ... Private Markets Performance Review ... 1Q 2023 ... Table of Contents (Report Generation Date: ... 202 ... Summary By Asset Class - including terminated funds ... Asset Class Funds Commitment (000's)1 Paid In (000's) Funded Unfunded Commitment (000's) Distributions (000's) Current NAV (000's) % NAV IRR PME (DA) Alpha2 DPI TVPI Core-Plus 7 735,000 967,057 90% 105,315 277,916 844,840 58.68% 7.05% +10.85% 0.29 1.16 Opportunistic 20 918

The Pooled Investment Trust (Total Plan) returned -1.4%, time-weighted net of fees, during the Fiscal Year ended June 30, 2022. Positive performance across the Total Plan’s Inflation Protection, Crisis Protection, and Private Growth allocations partially offset losses realized across portfolio allocations with exposure to broader public equity and fixed income market drawdowns. ... Real Estate $626.7 6.3% ... .0% ... .0% Barclays Long Duration US Treasury Index ... o 4.0% ... FI-ODCE Index 1Q La

29, 2 ... New York City Police Pension Fund MANAGEMENT’S DISCUSSION AND ANALYSIS (UNAUDITED) June 30, 2025 and 2024 6 This narrative discussion and analysis of the New York City Police Pension Fund (“POLICE”, “Fund”, “Funds” or the “Plan”), provides an overview of the Fund’s combining financial activities for the Fiscal Years ended June 30, 2025 and 2024. It is meant to assist the reader in understanding the Fund’s combining financial statements by providing an overall review of the combining fi

This narrative discussion and analysis of the Teachers’ Retirement System of the City of New York’s (“TRS” or the “System”) financial performance provides an overview of the System’s combining financial activities for the Fiscal Years ended June 30, 2023 and 2022. It is meant to assist the reader in understanding TRS’ combining financial statements by providing an overall review of the combining financial activities during the years and the effects of significant changes, as well as a comparison

3Q 2024 Real Estate ... Nebraska Investment Council ... Real Estate Portfolio Overview ... DB/CBB Executive Summary ... As of September 30, 2024 ... Performance Summary Quarter (%) 1 Year (%) 3 Year (%) 5 Year (%) 10 Year (%) Net IRR Equity ... NIC DB - Direct 0.3 0.1 -5.2 -6.2 0.0 -1.1 3.0 1.9 6.5 5.3 5.4 1.3 NFI-ODCE Value Weight 0.2 0.0 -7.3 -8.0 -0.2 -1.0 2.9 2.1 6.1 5.2 ... Endowments Executive Summary ... As of September 30, ... OSERS Executive Summary

Private Real Estate Program Summary ... 102 ... in fiscal year 2025. The Systems’ non-traditional asset classes (private equity, private credit, private real estate, and ... hedged assets) enhanced the overall investment return in fiscal year 2025 and, more importantly, continues to ... deliver excellent long-term results and diversification. The Systems' diversified portfolio resulted in fiscal year 2025 ... total fund performance of 10.9% (10.7% net of all investment expenses and fees). The to

MEMORANDUM MEKETA.COM 5796 Armada Drive Suite 110 Carlsbad, CA 92008

Agilis performed an asset/liability study of the system’s investment portfolio and presented the Board with projections of possible investment returns, funded status, and employer contribution rates under a range of investment market assumptions. ... This section presents management’s discussion and analysis of the Fairfax County Employees’ Retirement System’s (“System” or “Plan”) financial performance and provides an overview of the financial activities for the fiscal year ended June 30, 2025.

Management’s Discussion and Analysis (Unaudited) The New York City Employees’ Retirement System’s (“NYCERS”, the “Funds”, the “Plan” or “System”) discussion and analysis provides an overview of the Funds’ combining financial activities for the Fiscal Years ended June 30, 2025 and 2024. It is designed to assist the reader in understanding NYCERS’ combining financial statements by providing a review of financial activities during Fiscal Years 2025 and 2024, the effects of any significant changes

Investment Reports & Performance ... - Investment Year in Review and ... Plan - ... - Investment Operations Report ... Alternative Assets Fee ... - Annual Comprehensive ... Item 17– Investment Performance Report—Alternative Assets Receive and file the Investment Performance Report for the quarter ended December 31, 2025 for the Absolute Return portfolio, and the quarter ended September 30, 2025 for the Private Equity, Private Credit, and Real Assets portfolios, as presented by Cliffwater, LLC. I

Investment portfolio assets are based on fair value but are ... reporting requirements of ... Financial Reporting for ... investments at fair value ... section of this ... At the close of FY2025, IPERS’ net investment portfolio assets had a fair value of $46.682 billion. The change in fair ... investment asset fair ... 3 was driven by ... 2025 ... of each asset class and its respective benchmark, as ... ’s allocation to each ... Fund fair value ... 30, ... Investment Returns and Allocations

Public LP real estate performance report (seed for extraction test)

Public LP real estate performance report (seed for extraction test)

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.

Callan Q4 2024 Real Estate and Infrastructure Performance Review and Pacing Study for CTPF, covering portfolio performance, manager-level attribution, and recommended pacing for FY2026, presented June 10, 2025.

Board Action Request for approval of a commitment to TA Realty Value-Add Fund XIV, presented to the CTPF Investment Committee on September 11, 2025.

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).

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.

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.

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.

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.

Callan Capital Market Review Q1 2025 distributed to CMERS. Real Estate/Real Assets section: private real estate valuations were positive in Q1 2025. ODCE redemption queues at 16.4% of NAV. Real Estate ODCE Style 1.3% Q1. NCREIF Property 1.3% Q1. Transaction volume remains lower vs 2022. Multifamily and industrial driving confidence. Cap rate analysis included. Public REIT performance vs private RE comparison.

Board Action Request for approval of Long Wharf Real Estate Partners VII commitment, presented at the CTPF Investment Committee on August 22, 2023.

Board Action Request seeking approval for a re-up commitment to Basis Investment Group Fund III, presented at the March 4, 2025 CTPF First Look meeting.

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.

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.

Staff recommendation memo for Long Wharf Real Estate Partners VII, a value-add closed-end real estate fund, presented to the CTPF Investment Committee on August 22, 2023.

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