The USD 1.3 billion Highmark Pension Plan is looking to increase its exposure to real estate through private real estate funds in the next 12 months. The private sector pension fund is aiming to deploy USD 40 million across four funds. It is interested in gaining a globally diversified portfolio, therefore the pension fund will commit to funds focussed on foreign markets, providing it is presented with the right opportunities. Highmark Pension Plan currently has 1% of its total assets allocated to real estate and will be looking to move closer to its 4% target allocation through these commitments. The private sector pension fund has invested in value added and opportunistic funds and a fund of funds vehicle.
Preqin’s Real Estate Online product currently includes profiles for over 350 private sector pension funds with an active interest in real estate .