The $136bn system has invested in the San Francisco-based manager’s ACORE Credit Partners III and its series predecessor.
Eschewing long-held fee-reduction focus and limited private market allocation, state pension’s new direction includes interest in GP relationships in CRE mortgage space
Staff of the $63.7bn sovereign wealth fund is eschewing the usual preference for larger-scale managers in its credit portfolio, with a commitment to a second fund from ArrowMark Partners.
Ventura County Employees Retirement Association also made a $75m allocation to multi-sector focused debt strategy VWH Master Fund IV during the period.
The $12.9bn pension fund allocated the capital to the New York-based manager's BIG Real Estate Fund III.Â
Caisse de dépôt et placement du Québec's head of real estate sees balancing the needs of the pension's stakeholders and partners as key to finding the right formula for its C$77bn real estate portfolio.
The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.
CPP Investments was second, with $1.24bn allocated.
The $11bn institution has invested in Sabal Debt Opportunities Fund III.
The $11bn pension fund will be launching searches for managers imminently.