The USD 14.1 billion public pension fund is planning an asset liability study when it will formulate its real estate investment plans for the next 12 months. It does not have any definitive plans with regards to its future private equity real estate investments, but is expecting to invest on an opportunistic basis across the risk/return spectrum. It will consider vehicles ranging from core-plus to opportunistic in strategy. The pension fund is also interested in further investments in distressed and debt funds, believing such funds to be of increasing importance to the private real estate market. It has a 5% target allocation to the asset class, and is close to this target.
More information on private equity real estate investors is available on Preqin's online product, Real Estate Online.