Document library

Texas PRB-mandated triennial review by Global Sovereign Advisors covering HFRRF's compliance, asset allocation, RE performance, and manager oversight; real estate grew from $196M to $341M (74%) over review period.

Verus investment practices and performance evaluation covering HPOPS' full program including private real estate (~10% allocation), asset allocation, benchmarking, and manager selection as required by Texas Government Code §802.109.

NEPC total-fund quarterly IPA presented to IC; placement agent disclosures record Lone Star Real Estate Fund VII ($75M, RE) approved Jan 2023.

NJ Division of Investment quarterly Director's Report and investment reporting package presented to the State Investment Council at the April 26, 2023 regular meeting, covering capital markets update, pension fund performance, asset allocation, and real estate/real assets portfolio detail.

BAM's full investment strategy overview covering BERS history, governance, asset allocation, and private markets manager selection; discusses real assets parking places and pacing targets for real estate and infrastructure.

CIO Bachher proposes $2B internally managed campus real estate program investing in student/staff/faculty housing near UC campuses.

ICM packet for March 8 2023 at which a $10 million investment in Eclipse Fund V (private equity / real estate-adjacent tech fund) was discussed as a potential addition to ACERA's private equity portfolio. Presenters: Lior Susan of Eclipse Fund V and Faraz Shooshani of Verus. The packet also contains the GIC RFP status update, quarterly investment financials showing real estate at $773–830M range, and rebalancing activity summaries.

ICM packet for February 8 2023 containing Verus Advisory's Real Assets Investment Plan for ACERA, presented by John Nicolini of Verus, covering infrastructure and natural resources pacing, capital market assumptions, and 10-year commitment projections. Also includes Verus's updated private equity investment plan and a proposed new manager structure for ACERA's international equity asset class.

Investment Committee agenda for Feb 6 2023 recommending commitment to Longpoint Fund III, L.P., a value-add real estate fund managed by Longpoint Realty Partners.

NJ Division of Investment staff presentation to the State Investment Council covering Fiscal Year 2022 performance, asset allocation, capital market returns, and program updates including progress on the private markets emerging managers program (real estate second sleeve under development). Presented at the January 25, 2023 annual meeting.

NJ Division of Investment quarterly Director's Report and investment reporting package presented to the State Investment Council at the January 25, 2023 regular meeting, covering capital markets update, pension fund performance, asset allocation, and RE/RA portfolio detail through the reporting period.

Board Action Request for approval of the 2025-2026 Real Estate Strategic Pacing Plan, presented at the June 10, 2025 CTPF Investment Committee meeting.

Callan Real Assets Performance Commentary for Q3 2025, providing market and manager commentary for CTPF's real estate portfolio, presented as appendix at the May 7, 2026 IC meeting.

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.

First Look presentation by BIG Real Estate Fund III, a MWDBE real estate fund, to the CTPF Investment Committee on March 4, 2025.

Callan quarterly Real Assets portfolio report for Q1 2025 covering CTPF real estate and infrastructure manager performance, presented at the November 4, 2025 Investment Committee meeting.

CTPF investment staff client book for the MWDBE Real Estate Manager Search finalist presentations at the May 7, 2026 Investment Committee meeting, summarizing search process and finalist managers.

Board Action Request seeking Investment Committee approval of the FY2025 real estate and infrastructure strategic pacing plan, presented May 21, 2024.

Callan quarterly real estate portfolio performance review for Q1 2023, covering CTPF's private real estate holdings and benchmarks, presented at the October 24, 2023 Investment Committee meeting.

Callan Real Assets Performance Commentary for Q2 2023, summarizing CTPF real estate and infrastructure manager performance and market observations, presented October 24, 2023.

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.

Callan Q4 2022 Real Estate and Infrastructure Pacing Study presented to the CTPF Investment Committee in May 2023, covering portfolio pacing, vintage year diversification, and allocation targets for the RE and infrastructure programs.

Investment Committee presentation for Adams Street Lake LaSalle Fund III re-up, a diversified real estate fund co-branded with LaSalle Investment Management, presented at CTPF on June 10, 2025.

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.

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.

Callan quarterly Real Assets portfolio report for Q3 2025 covering CTPF real estate and infrastructure manager performance, presented as appendix at the May 7, 2026 Investment Committee meeting.

Verus Investments memo to ICERS board recommending approval of HarbourVest IX-Buyout Fund, IX-Credit Opportunities Fund, and IX-Venture Fund term extensions at reduced management fees. Presented at November 20, 2024 meeting. Cites broader private equity market slowdown since 2022 rate environment.

Callan Real Assets Performance Commentary for Q1 2025, providing market and manager commentary for CTPF's real estate and infrastructure portfolio, presented November 4, 2025.

TA Realty investment committee presentation for Value-Add Fund XIV to CTPF on September 11, 2025, covering fund strategy, portfolio construction, and terms.

Staff recommendation memo for TA Realty Value-Add Fund XIV, a value-add diversified real estate fund, presented to the CTPF Investment Committee on September 11, 2025.

NEPC quarterly investment performance report for VCERA covering Q3 2023 (period ending September 30, 2023), presented at the November 20, 2023 Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q3 2024 (period ending September 30, 2024), presented at the December 16, 2024 Disability & Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q1 2025 (period ending March 31, 2025), presented at the May 19, 2025 Disability & Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q3 2025 (period ending September 30, 2025), presented at the December 15, 2025 Disability & Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q1 2026 (period ending March 31, 2026), presented at the May 18, 2026 Board of Retirement Meeting by Daniel Hennessy and Rose Dean.

NEPC quarterly investment performance report for VCERA covering Q4 2023 (period ending December 31, 2023), presented at the February 26, 2024 Disability & Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q4 2025 (period ending December 31, 2025), presented at the February 23, 2026 Board of Retirement Meeting.

NEPC quarterly investment performance report for VCERA covering Q4 2024 (period ending December 31, 2024), presented at the February 24, 2025 Disability & 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.

NEPC quarterly investment performance report for VCERA covering Q2 2024 (period ending June 30, 2024), presented at the September 9, 2024 Disability & Business Meeting.

NEPC quarterly investment performance report for VCERA covering Q1 2023 (period ending March 31, 2023), presented at the May 22, 2023 Business Meeting. Includes real estate portfolio performance.