Investors

The London-based firm finds investors and wealth gatekeepers eyeing more opportunities for yield in real estate debt alongside broader private debt push.

The firm surpassed its $1.5bn target, bringing its total dry powder to $4.6bn for real estate debt and equity deployments.

The Connecticut Retirement Plans alone made $200 million of commitments targeting subordinate debt through mid-May.

Industry participants say more allocators are turning to real estate credit as a way to stabilize portfolios in response to the volatility of recent months.

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. 

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 16-year GIC real estate veteran will replace Gallistel, who is joining CBRE IM as the co-chief executive.

The pension fund’s plans involve committing to several debt and equity managers, and appointing a new investment consultant. 

The New York-based REIT receives capital commitment from an undisclosed Canadian institutional investor.