Maryland places $100m into MetLife open-ended core property fund ipe.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from ipe.com Daily Mail and Mail on Sunday newspapers.
Kansas Public Employees commits $190 million to real estate pionline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pionline.com Daily Mail and Mail on Sunday newspapers.
Nearly half, or $650 million of its monthly allocation, went toward real estate funds.
The $247.7 billion New York State Common Retirement Fund (NYSCRF) committed more than $1.3 billion in new investments in March, nearly half of which was allocated to real estate funds, with the remainder going toward investments in fixed income, private equity, credit, and its Emerging Manager Program.
The pension fund committed $650 million to real estate funds, including $300 million to the LaSalle Property Fund, an open-ended fund structure that acquires and manages a diversified portfolio of core real estate; and $200 million to Oaktree Real Estate Opportunities Fund VIII, which focuses on opportunistic real estate debt and equity investments. Although the pension fund has an existing relationship with Oaktree Capital Management, it is a new relationship for the fund’s real estate team.