PSERS, the USD 45.7 billion public pension fund, is looking to continue investing in both debt and distressed situations funds. However, although its allocation to private equity real estate is set to rise and it will commit to these funds again, it will not invest in debt or distressed situations vehicles for the next 12 months. PSERS is predominantly a value added and opportunistic investor and it has access to these markets on a global scale. The pension fund tends to commit significant amounts of capital to each private equity real estate fund it invests in, having previously invested up to USD 400 million per fund.
More information about private equity real estate investors is available on Preqin's online module, Real Estate Online. To find out more information click here.