The USD 32.7 billion private sector pension fund is planning to commit between USD 50 and USD 75 million to private real estate funds during 2011. It will commit to either one or two vehicles and is likely to make its next commitment halfway through the year. Alcatel-Lucent Pension Fund has a target allocation of 6% to real estate and a current allocation of 5.3%. It invests in direct real estate as well as through private real estate funds.
The information in this blog is taken from Preqin’s Real Estate Online product, on which there are currently profiles for over 390 private sector pension funds with an active interest in real estate.