The USD 1.9 billion private sector pension fund is planning to commit to private equity real estate funds over the next 12 months. It is unsure as to how much capital it will allocate, but it will target funds with opportunistic, debt, distressed and value added strategies and will make its next investment in either Q2 2011 or H2 2011. Northeast Utilities Pension Fund gains exposure to real estate solely through investments in private real estate funds and has a target allocation to the asset class of 3-5%. It currently has 2.2% allocated to the asset class.
For more information on private equity real estate investors, please see Preqin’s Real Estate Online. There are currently profiles for over 380 private sector pension funds with an active interest in real estate.