The USD 1.1 billion endowment plan is looking to increase its exposure to private equity real estate in the next 12 months. It has yet to decide on the amount of capital it will commit, but it plans to invest with existing fund managers and has stated that its first commitment could be made in Q1 or Q2 2011. It will look to continue investing in opportunistic or distressed strategies with a focus on North America. It feels that the key issue facing the private real estate market is a contraction in the commercial mortgage backed securities (CMBS) market, leading to a shrinkage in the availability of leverage financing, which could have potential negative repercussions for the real estate market in general.
The information in this blog is taken from Preqin’s Real Estate Online product. There are currently profiles for over 210 endowment plans with an active interest in real estate