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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 plans2,394 documents·908 GP·686 LP·800 consultant
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NEPC investment consultant joint fund recommendation report for PIMCO European Data Center Opportunity Fund at the May 19, 2025 Disability & Business Meeting.
Chief Investment Officer staff recommendation letter to VCERA Board recommending $100 million commitment to Sculptor Real Estate Fund V at the September 30, 2024 Board Retreat & Business Meeting.
NEPC investment consultant joint fund recommendation report for Sculptor Real Estate Fund V presented to VCERA at the September 30, 2024 Board Retreat & Business Meeting. Supported $100M commitment.
Chief Investment Officer staff recommendation letter to VCERA Board recommending $75 million commitment to LaSalle Value Partners US IX at the March 27, 2023 Business Meeting.
Fund presentation deck for PIMCO European Data Center Opportunity Fund presented to VCERA at the May 19, 2025 Disability & Business Meeting. VCERA approved a $30 million commitment.
Fund presentation deck for LaSalle Value Partners US IX, L.P. presented to VCERA at the March 27, 2023 Business Meeting. VCERA approved a $75 million commitment.
Chief Investment Officer staff recommendation letter to VCERA Board recommending $30 million commitment to PIMCO European Data Center Opportunity Fund at the May 19, 2025 Disability & Business Meeting.
Q4 2025 performance report. Prologis USLF manager news: VP Kosta Karmaniolas joins, replaces Jake Thibeault who moved to Prologis U.S. Agility Fund I. Karmaniolas will assume USLF fund manager role from Bobby Bransfield end-2026. Real Estate ODCE Style 1.2% Q4, 4.9% 1-yr, 3.8% 3-yr. Real Estate 1.9% Q4 (gross). Real Assets Benchmark per new 2026 targets. Total Fund up 3.9% Q4 2025.
NEPC investment consultant joint fund recommendation report for Alterra IOS Venture III presented to VCERA at the April 17, 2023 Disability & Business Meeting.
Chief Investment Officer staff recommendation letter to VCERA Board recommending $35 million commitment to Alterra IOS Venture III at the April 17, 2023 Disability & Business Meeting.
Finalist presentation for CMERS Core/Core Plus Real Estate manager search. Covers the Harrison Street Core Property Fund (HSCPF), an open-end ODCE-benchmarked fund investing in alternative sectors: medical office, senior housing, student housing, self-storage, and life sciences. As of Dec 31 2022, Harrison Street had $55B in gross AUM. Includes fund structure, portfolio overview, performance vs ODCE, and team bios.
NEPC quarterly investment performance report for VCERA covering Q3 2023 (period ending September 30, 2023), presented at the November 20, 2023 Business Meeting.
NEPC investment consultant joint fund recommendation report for Bridge Debt Strategies Fund V presented to VCERA at the September 25, 2023 Board Retreat & Business Meeting.
Chief Investment Officer staff recommendation letter to VCERA Board recommending $20 million commitment to Bridge Debt Strategies Fund V at the September 25, 2023 Board Retreat & Business Meeting.
NEPC quarterly investment performance report for VCERA covering Q1 2024 (period ending March 31, 2024), presented at the June 24, 2024 Disability & Business Meeting.
Staff memo and red-lined Statement of Investment Policy update for December 2023 Investment Committee. Policy confirms Private Real Estate target 9.7% / range 10-16%, and Public Diversified Real Assets target 13%. Also contains updated Callan 2024 Capital Market Assumptions showing Core Real Estate 6% 10-yr return projection. Delegates authority for ministerial Private Real Estate contract amendments to staff under MCO 36-09-1(d5).
NEPC quarterly investment performance report for VCERA covering Q4 2024 (period ending December 31, 2024), presented at the February 24, 2025 Disability & Business Meeting.
Updated Statement of Investment Policy for December 4, 2025 Investment Committee approval. Revises asset class targets including Private Real Estate target 3.3%, range 9-15%. Effective July 1, 2025 benchmark inception for performance reporting. December 2025 update addresses manager restructure. Real estate policy section references goal to transition to 4-5 commingled open-end fund managers. Non-core is in wind-down. Includes red-line comparison to prior policy.
Updated Real Estate Investment Policy Statement reviewed May 7, 2026. Formalizes CMERS real estate strategy: 100% Core and Core-plus open-end funds benchmarked to NFI-ODCE; no new non-core investments; non-core legacy portfolio in wind-down. Target 12% (private real estate), range 9-15% (note: 6% minimum through March 31, 2027 for manager restructure). Single manager cap 35% of RE portfolio. Leverage target 25% portfolio-wide. Primary U.S. investments. Includes redline comparison to prior policy.
Quarterly performance packet for CMERS Investment Committee meeting September 7, 2023. Real estate section shows full manager lineup: JP Morgan (2.50% target, $133.9M), Morgan Stanley (2.70% target, $150.1M), LaSalle (2.30% target, $114.6M), Prologis Non-Core (1.30% target), and new Harrison Street core fund placeholder (0.90%). Total Real Estate target 9.70%. Includes Principal Diversified Real Assets performance (13% target). Abbott Capital private equity sections also included.
Fund presentation deck for Bridge Debt Strategies Fund V (real estate debt) presented to VCERA at the September 25, 2023 Board Retreat & Business Meeting. VCERA approved a $20 million commitment.
NEPC investment consultant memorandum recommending VCERA's $75 million commitment to LaSalle Value Partners US IX at the March 27, 2023 Business Meeting.
Quarterly performance report in the June 6, 2024 Investment Committee packet. Covers Q1 2024 and real estate allocation showing Total Real Estate at $443M (7.8% actual vs 7.0% target). Real Assets at $474M (8.3% actual vs 9.7% target – underweight). Principal Diversified Real Assets 1Q performance included. Manager lineup: JP Morgan, Morgan Stanley, LaSalle, Prologis (non-core), Harrison Street (new).
RVK quarterly performance report as of December 31 2023 in the February 2024 board book. Real estate returned -5.76% vs -12.88% benchmark for the year. Includes full CAPP/TFIP/STIP performance, macro attribution, and peer comparisons across all asset classes.
August 2024 board book featuring formal Real Estate Asset Class Review (Tab 7) presented by Ethan Hurley and Rob Samson. Investment update (data as of June 30 2024) lists FY2024 new RE commitments: Oak Street Real Estate Capital Fund VI LP ($50M CAPP), AW-Fergus Ventures LLC ($75M CAPP/$50M TFIP), Westport-Stillwater Venture LLC ($75M CAPP). FY2025: Walton Street Real Estate Debt Core Fund LP ($100M CAPP/$50M TFIP). Portfolio at $2.645B, -4.16% 1-year pension.
DRA Growth & Income Fund XI LP approved as new $50M CAPP real estate commitment disclosed in the May 2023 board investment update (data as of March 31 2023). DRA Advisors is a New York-based diversified real estate private equity allocator focused on Core-Plus/Value-Add investments in multifamily, office, retail, and industrial properties.
J.P. Morgan Asset Management GP presentation for Global Transport Income Fund (GTIF) to Mississippi PERS. Open-end core infrastructure vehicle focused on aviation, rail, and shipping. $6.1B AUM, 153 assets. Presented by Andrian Dacy and Anurag Agarwal. Data as of Q3 2025. Presented December 16, 2025.
December 2025 board book investment update (data as of September 30 2025) listing FY2026 real estate new commitment: Sweet Grass-Equus II LP ($100M CAPP/$50M TFIP). Real assets new commitment: CBRE Musselshell Infrastructure Investments LP 2nd tranche ($100M CAPP/$35M TFIP). Real estate at $1.147B in CAPP (6.00%), 2.04% 1-year vs 2.67% benchmark.
NIC staff recommendation memo for Oaktree Real Estate Opportunities Capital Fund IX, presented at the June 8, 2023 board meeting alongside Aon consultant memo and GP presentation.
Principal Real Estate GP presentation for U.S. Property Account, daily-valued open-end core commingled fund ($11.9B AUM, $869M PERS allocation). Presented by Darren Kleis and Greg Pittenger. -8.9% gross 1-year return (outperformed ODCE by 240bps). Overweight industrial and data centers; selective multifamily growth. As of March 31, 2024.
J.P. Morgan Asset Management GP presentation for Strategic Property Fund (SPF), flagship core open-end fund ($70B gross AUM, ~$52B across core offerings). Presented by Brian Nottage, Melissa Anezinis, Jeffrey Fox. Reviews 1Q24 performance (-16.5% gross 1-year, 500bps behind ODCE), portfolio repositioning, and outlook. As of March 31, 2024.
OCERS staff Year in Review for FY 2024, co-presented with Meketa, Townsend, and Aksia at Mar 7 2025 IC. Covers total plan and real estate/real assets portfolio performance for the prior year.
February 2025 board book featuring Core Fixed Income Asset Class Review. Investment update (data as of December 31 2024) shows FY2025 real estate commitments: Walton Street Real Estate Debt Core Fund LP and NewCold Fund III LP. Real estate at $1.089B in CAPP (6.21%), 1-year performance -2.42%. Walton Street shown in separate accounts at $213M total.
November 2024 board book investment update (data as of September 30 2024) listing FY2025 real estate new commitments: Walton Street Real Estate Debt Core Fund LP ($100M CAPP/$50M TFIP) and NewCold Fund III LP ($50M CAPP). Walton Street also appears in separate accounts with $211M total exposure. Real estate at $2.645B total portfolio. Separate Accounts Investment Review (Tab 5) presented.