TIAA-CREF, the USD 400 billion private pension fund, is looking to commit to private equity real estate funds in emerging economies in 2010. It will invest less in the US and other established markets than it usually does and focus instead on countries such as China, India and Brazil. Its strategic focus will be predominantly opportunistic in 2010, in order to balance its direct portfolio, which mainly focuses on core and value added plays. It will seek experienced managers with good track records.
<p>Information on private equity real estate investors is available through Preqin's online module,Real Estate Online.