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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 plans2,390 documents·904 GP·686 LP·800 consultant
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Adelante Capital Management monthly REIT manager report for October 2025. Performance: -1.10% month, +10.8% 1-year. REIT market impacted by inflationary pressures, Fed policy uncertainty, and AI infrastructure/data center investment themes. Best holding: CBRE Group +29.6%; worst: Alexandria Real Estate Equities. Portfolio $654M.
AEW Capital Management mid-cycle real estate update for PERSI (as of September 30, 2025). Portfolio: 23 investments, 37 properties, $2.15B gross property value, $1.01B net asset value, 90% occupancy, 51% LTV. Sectors: industrial 52%, housing 34%, retail 10%, office 4%. Geographic diversification across Mountain (20%), Southeast (16%), Mideast (14%), Northeast (13%), Southwest (13%), Pacific (8%), Central regions. Performance: 1-yr total net 4.79% vs ODCE -6.05%. Presented by Michael Byrne and Adam Schwank.
NEPC quarterly real estate performance review for PA SERS as of June 30, 2025. Presented at December 2, 2025 Investment Committee meeting. NEPC continues to favor opportunistic strategies and select sector-focused approaches.
Investment Committee agenda for Dec 9 2025 recommending commitment to LongPoint Fund IV, L.P., a real estate fund managed by Longpoint Realty Partners.
12,13 BSIP’s strong pipeline represents a diversified set of opportunities across our focus regions and target sectors, including distribution utilities, power generation, electric transmission, social infrastructure, data, and transport. There are over $55 billion of investment opportunities in our pipeline, including approximately $13 billion in our near-term transaction pipeline. BSIP’s lower-risk core strategy continues to draw strong investor support. In 2025, the Fund raised approximately
Northwood Investors Nebraska Investment Council December 2025 HIGHLY CONFIDENTIAL AND TRADE SECRET www.northwoodinvestors.com Northwood Overview Northwood is a vertically-integrated real estate investor focused on generating attractive risk-adjusted returns and creating value across cycles. ... Fund Offering ▪ Closed-end, commingled fund with mandate to opportunistically invest across diversified sectors in the U.S. ▪ Initial investments returns are projected to achieve a 16.8% net IRR / 1.8x ne
PSERS Investment Committee pre-deliberation meeting December 4, 2025 covering Cabot Industrial Value VIII, L.P., LEM Multifamily Fund VII, L.P., OceanSound Partners Fund III, and HarbourVest Strategic Partnership. Formal action at December 11/12, 2025 board meeting.
Board recap summarizing the Real Estate & Real Assets program review: $11.6B across four portfolios, near long-term 20% target (22% target), growth in demographic-driven investments, $106 trillion infrastructure demand opportunity through 2040.
Meketa (new investment consultant replacing Aon) Q3 2025 quarterly performance review: Real Return Policy Benchmark +1.5% for quarter; real estate asset class performance vs NCREIF ODCE benchmark; TRS RE allocation ~15% of Real Return bucket.
Stephens Capital Management presentation to APERS (dated November 18 2025) covering PE program Q3 2025 and new private credit activity. HarbourVest Fund of One (Diversified Credit Funds): $550M committed, $12M called as of 9/30/2025. NB Eagle Debt Fund: $200M committed, $80M called as of 9/30/2025. Private credit program in early development with zero non-accruals.
Callan LLC quarterly real assets report for period ending September 30 2025, embedded in APERS Dec 2025 board packet. Core RE: Carlyle Property Investors 0.66%, Clarion 0.00%, Invesco Real Estate -8.81%, Heitman Real Estate Trust LP 0.36%. Non-core value-add: Harrison Street Fund VIII -0.67%, IX flat, Heitman Value Partners IV 1.19%, LaSalle Income & Growth VI 2.80%, LaSalle VII flat, TA Realty XII flat, TA Realty XIII 1.19%. Blue Owl Digital Infrastructure III 19.21% quarter. Harrison Street Fund X noted in performance table (new fund, 0.00%). Invesco organizational update: Justin Shanahan joining as Co-Lead PM of US Invesco Core Real Estate.
ICM packet for December 3 2025 containing Callan's semiannual real estate portfolio review for the period ending June 30 2025. The RE report shows ACERA's $830M real estate portfolio at 6.31% of plan versus 8.2% target, with unfunded commitments to Heitman Value Partners VI and Starwood Distressed Opportunity Fund XIII. Also includes NEPC semiannual reviews of real assets (including Brookfield Global Transition Fund II-B and Rockland Power Partners V reports) and Artemis Healthcare Fund III delegated authority report.
Meketa Investment Group quarterly total fund performance report for period ending September 30, 2025, covering ERS's $25.2B portfolio including real assets allocation of ~$4.7B (18.8% of fund).
Townsend Group annual real assets program review covering Q2 2025 real estate, infrastructure, timber, and agriculture portfolios; includes performance, allocation status, and market commentary for Hawaii ERS's ~$4.67B real assets program.
Nevada PERS Fiscal Year 2025 Public Annual Financial Report. Summary financial report including investment overview for year ended June 30, 2025. Private Real Estate at $3.18 billion (4.5% of total fund). Total plan assets $70.5 billion. Managers: AEW (core RE) and Invesco Realty Advisors (core RE). Consultants: Callan Associates and Jobs Peak Advisors.
Nevada PERS Fiscal Year 2025 Annual Comprehensive Financial Report (year ended June 30, 2025). Investment section authored by Julia Bonafede of Jobs Peak Advisors and Callan Associates. Documents two core real estate separate accounts: AEW Realty and Invesco Realty Advisors. Private Real Estate returned +3.9% (net) for FY2025, recovering from prior years' downturn. Total PERS assets reached $70.5 billion. Target allocation remains 6% Private Real Estate (~$3.2 billion). No leverage; structured to emphasize income over price appreciation.
FY2025 ACFR investment section listing 84 real estate partnerships ($6.3B fair value, 10.1% of assets) across 39 firms; 5 new commitments totaling $505M in FY2025 including Blue Owl Digital Infrastructure, Fairfield Multifamily Value Add IV, Jadian Fund II.
FY2025 ACFR showing 15% real estate target allocation; real estate rebounded with 4.5% return after two consecutive negative years; $307.8M NAV; managers: American Realty, Barings, Clarion Partners, Artemis RE Partners IV, Basis Investment Group (Big RE Fund I & II), Thor Urban.
StepStone Group partner Margaret McKnight presented a Real Estate Update and Education covering the investment universe, asset class characteristics, performance drivers, and portfolio objectives for LACERA's real estate program.
CIO investment section of FY2025 ACFR covering the $7.0B (9.5% of assets) real estate portfolio, listing all private real estate fund relationships including Heitman Value Partners VI, Clarion Lion Industrial Trust, Brookfield Strategic Real Estate Partners IV, Carmel Partners VIII, Asana Partners III, TruAmerica Workforce Housing Fund II, and performance of 3.1% for the fiscal year.
NEPC Q3 2025 quarterly investment consultant performance report for TMRS Board, covering real assets composite benchmark analysis and asset allocation ranges broadened to 10-26% for real assets per Board-approved changes.
Staff recommended a $20M commitment to Brookfield Real Estate Solutions II, a global real estate secondaries fund focused on GP-led recapitalizations; NEPC concurred with top FPL rating.
Aon quarterly investment review covering real estate asset class performance ($6.6B at 9.0% allocation) with property type breakdown and benchmark attribution as of June 30, 2025.
Staff educational presentation covering PERA's $4.7B Alternatives program including Real Assets (infrastructure, agriculture, timberland) and Private Credit sub-portfolios as of June 30, 2025.
Boston Retirement System Real Estate Search The Boston Retirement System (the “System”) is soliciting proposals from investment management firms to manage a Real Estate mandate for the System's $6.8 billion, defined benefit, pension fund. The objective of this search is to fill a total of $75 million in potential Real Estate commitments across two closed-end strategy types: (1) Value-Add and (2) Opportunistic. To qualify for this search, candidates must meet the following criteria: 1. Candida
Real Estate Securities Portfolio (I) | Dimensional Investments Explore our Funds
SCERS 2025 year in review and 2026 Annual Investment Plan presented at the November 19, 2025 board meeting. Covers investment activities and strategic priorities for 2026 including real estate pacing, target allocation management, and manager pipeline.
NCIA board performance review (AUM $206.86B as of 9/30/2025) including core RE ($14.8B) and non-core RE ($2.2B) allocations, recent commitments (LBA NC Core Industrial, Northpond Retail Partners, HRLP Bloc 83), and Callan in attendance.
Verus quarterly Investment Landscape report including a standalone 'State of the Core Real Estate Fund Universe' section; CCCERA RE portfolio includes Rialto Credit Opportunities Fund (RE debt), Adelante/Invesco REITs, and 20+ private RE funds.
Most recent performance deck (Sept 30, 2025): GEP real estate $3.03B – BREIT 59% ($1,777M), Legacy 41% ($1,249M); assets total $208.8B.
City of Jacksonville Police and Fire Pension System Investment Manager Watch List ... | | Quantitative Factors | Qualitative Factors | | | --- | --- | --- | --- | ... | Date Added to Watch List Managers Watch List | Rolling 5-Year Return (GoF) for three Rolling 5-Year Return (NoF) for three Inception consecutive quarters falls in the bottom Benchmark Peer Group consecutive quarters falls below respective Date third of the respective Peer Group strategy benchmark | Last Meeting Meaningful Updates
AB 2833 statutory fee and expense disclosure for CalPERS alternative investment vehicles for the period ending June 30, 2025 (Item 4f Attachment 1, November 17 2025). Lists all real estate and infrastructure fund names, vintage years, committed capital, management fees, carried interest, and net IRRs.
Comprehensive Real Estate Fund Strategic Review presented by Amit Aggarwal, PIO. Covers CRPTF RE portfolio performance vs. NCREIF NFI-ODCE benchmark, current $3.9B NAV, portfolio composition by strategy and property type, and 2026 pacing plan targets of $1.15B. As of Q2 2025, RE = 6.2% of CRPTF vs. 10% target.
Fund-of-one RE emerging manager partnership structured as second series of existing CRPTF-GCM program (Ci3). GCM ($86B AUM, $7B RE) to invest in small, emerging, and diverse real estate managers. Recommended commitment up to $250M. Non-core value-add; 12-15% net IRR target. 15-year term. Follows 2022 EM series and 2025 GCM/CRPTF SMRE Fund.
Meketa CRPTF quarterly performance review through Q2 2025. RE portfolio NAV $3.9B (6.2% of $62.7B CRPTF). Top RE managers by NAV: Barings (13.2%), Carlyle (10.0%), Blue Owl (9.3%), Morgan Stanley (8.5%), GCM Grosvenor (6.2%). RE underweight to 10% target; total exposure including unfunded commitments is 11.0%. Cap rates for core RE leveling off in 2025.
Albourne Partners detailed real estate portfolio analytics supporting the RE Strategic Review. Shows Barings (13.2%), Carlyle (10.0%), Blue Owl (9.3%), Morgan Stanley (8.5%), GCM (6.2%) as top managers by committed capital. Detailed property type breakdown: Industrial 24%, Residential 36%, Office 13%, Retail 10%, Self Storage 3%, Hotel 3%.
NEPC quarterly IPA; records Edgewood Partners V ($100M, RE), ArrowMark CRE SF Fund II ($80M, RE), Brookfield US REIT renewal approved Aug–Sep 2025.