Document library

REAL ESTATE PERFORMANCE AND MARKET UPDATE: 1:02 p.m. to 1:20 p.m. Mr. Hong reviewed 3rd Quarter performance review for the Real Estate portfolio. He commented on current market conditions, asset allocation, performance, and sector performance. He concluded his presentation by expressing his appreciation to the Council for many years of successful teamwork and collaboration. Presentation ... materials were included in the meeting materials.

Nebraska Investment Council | Second Quarter 2025 ... | Topic | Article | Link | | --- | --- | --- | | Annual Themes | 2025 Key Investment Themes for Public Funds | Link to Article Link to Video | | Market View | Quarterly Market Review and Outlook Video | Link to Video | | | Navigating Today’s Real Estate Market | Link | | Governance | Outsourced Chief Investment Officer: The Key to Navigating Volatility | Link | | | Unlock the Potential of Alternative Investments with an Outsourced Chief…

Nebraska Investment Council |Second Quarter 2024 ... Nebraska Investment Council ... Total Assets by Asset Pool Total Defined Benefit Plan $17,709,933,393 Total Cash Balance Benefit $3,134,554,618 Deferred Compensation $275,895,187 Defined Contribution $980,859,641 OSERS $1,638,396,362 College Savings Plan $6,311,600,377 State Farm College Savings Plan $713,766,520 Enable Savings Plan $42,958,002 Health Care Endowments $615,683,363 50/50 Endowments $1,178,250,370 Excess Liability Fund $62,402,17

Nebraska Investment Council Data as of 9/30/2023 ... • The state of Nebraska’s Defined Benefit Plan, Cash Balance Benefit Plan, and Health Care and 50/50 Endowments invest in Private Equity and Real Estate 5% policy target to Private Equity (all pools) 7.5% policy target to Real Estate for DB and CBB Plans, 5% policy target to Real Estate for endowments • The slides that follow include vintage year and partnership level performance information for these investments • We have also…

Presentation Notes The portfolio summary slides shows high level stats on the size and returns for both the DB and Endowments real estate portfolios. The DB program is now over 10 years old while the Endowment program is just over 7 years in and has a more fortuitous entry point as noted by the since inception return of 10.5%. ... Evolution of performance shows how the IRR & Equity Multiples for the total programs and underlying holdings have changed over time. Both programs have shown strong…

Nebraska Investment Council | Third Quarter 2025 ... | Topic | Article | Link | | --- | --- | --- | | Annual Themes | 2025 Key Investment Themes for Public Funds | Link to Article Link to Video | | Market View | Quarterly Market Review and Outlook Video (

3Q24 Quarterly ... | Real Estate | | | ... Total Assets by Asset Pool Total Defined Benefit Plan $18,576,029,171 Total Cash Balance Benefit $3,284,511,661 Deferred Compensation $289,954,361 Defined Contribution $1,017,406,304 OSERS $1,753,622,699 ... College Savings Plan $6,506,863,213 State ... College Savings Plan $730,394,434 Enable Savings Plan $45,948,594 Health ... Endowments $595,812,085 50/50 Endowments $1,241,27 ... ,97 ... Excess Liability Fund $65,69 ... ,74 ... 8,39 ... ,545 ... I

2Q25 Quarterly ... Nebraska Investment Council ... Total Assets by Asset Pool Total Defined Benefit Plan $19,414,375,329 Total Cash Balance Benefit $3,438,704,414 Deferred Compensation $296,336,514 Defined Contribution $1,015,861,706 OSERS $1,797,216,584 College Savings Plan $6,802,758,692 State Farm College Savings Plan $743,543,564 Enable Savings Plan $53,450,752 Health Care Endowments $666,165,364 General Endowments $1,256,915,446 Excess Liability Fund $62,790,753 In-House Trusts $8,296,063 I

Vintage Year Partnership Capital Commitment ... Fund $1 ... % 2 ... 18 Harrison ... % 2 ... 19 Blackstone ... $112. ... % 2 ... 19 Harrison ... Investment $1 ... % 2 ... 20 Oak ... .0 $1 ... 20 Waterton ... .0 $ ... $110 ... stay Fund $1 ... 0.0 $1 ... 8.3 $8 ... 3 $2 ... 1 1 ... 21 Walton Street Real ... -Plus Fund $2 ... 0.0 $219.1 $3.2 $2 ... 4.9 1 ... 18x ... /M 2 ... 21 Harrison ... $100.0 $ ... 5 1 ... LP $1 ... 0.0 $11. ... P. $2 ... 0.0 $128.0 $0.8 $118.0 ... 0.0 ... LP $300.0 $1.1 $0.0

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%…

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’…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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…

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

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

February 9, 2023 Investment Committee packet containing Q4 2022 performance report and Asset-Liability Study Phase I with Callan 2023 Capital Market Assumptions. Private Real Estate target 9.7% (range 10-16%). Core Real Estate 5.75% 10-yr return assumption (Bloomberg Commodity benchmark also shown). Liquid Real Assets target 13%. Correlation matrix shows Core Real Estate 0.98 correlation to itself, 0.46 to broad equities. Real estate cash flows and capital calls projections included.

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

Nuveen Real Estate First Look presentation on the U.S. Affordable Housing strategy to the CTPF Investment Committee on September 11, 2025.

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.