Jon Peterson

Writer at IPE Real Assets

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Articles

LACERS makes inaugural real estate private credit commitment | News | Real Assets

1 week ago | realassets.ipe.com | Jon Peterson

Mavik Real Estate Special Opportunities VS2 secures $25m from LACERS
Mass PRIM commits $250m to US real estate via DivcoWest, BGO

1 week ago | realassets.ipe.com | Jon Peterson

Massachusetts Pension Reserves Investment Management Board (Mass PRIM) has placed $250m (€221.3m) into US real estate fund strategies managed by DivcoWest and BGO. The $110bn pension fund disclosed in a board meeting document that it has committed $75m to the DivCore Fund VII US fund, with an additional $75m in co-investment capital to be deployed alongside it. Mass PRIM also approved a $100m commitment to the BGO US Value-Add Lending Fund II.
Kansas PERS commits additional capital to Brookfield infrastructure fund

2 weeks ago | realassets.ipe.com | Jon Peterson

Kansas Public Employees Retirement System (PERS) has approved a $140m (€123.4m) follow-on commitment to Brookfield Super-Core Infrastructure Partners, building on its earlier $75m allocation to the global infrastructure fund in 2022. The pension fund disclosed in a meeting document that its initial investment in the Brookfield-managed fund now amounts to $83.4m and has generated a one-year gross internal rate of return of 11.1%.
Mesirow raises $1.2bn for new US apartment investment fund

2 weeks ago | realassets.ipe.com | Jon Peterson

Mesirow Institutional Real Estate Direct has raised $1.245bn (€1.1bn) for its latest US apartment fund. The capital raised for the Mesirow Financial Real Estate Value Fund V exceeded the fund’s $1bn target and $1.2bn hard cap.
PIMCO’s European data centre fund nears €1bn target

2 weeks ago | realassets.ipe.com | Jon Peterson

PIMCO’s European data centre fund had secured approximately €800m as of February this year, real estate investment consultant NEPC disclosed in a board meeting document for the Ventura County Employees’ Retirement Association (VCERA). According to the document, VCERA intends to approve and issue a $30m (€26.7m) commitment this month to PIMCO European Data Center Opportunity Fund, a fund seeking to raise €1bn.
Illinois FPIF makes first non-core infrastructure commitment

3 weeks ago | realassets.ipe.com | Jon Peterson

The pension fund disclosed in a meeting document that it has made a $27m (€24.1m) commitment to I-Squared Global Infrastructure Fund IV. The initial non-core infrastructure commitment is the first of a potential three commitments worth $80m in total that the pension fund intends to issue to fund managers. This strategy involves an open search for fund managers through a request for expression of interest.
Minnesota BOI reviews $450m real assets and real estate commitments

3 weeks ago | realassets.ipe.com | Jon Peterson

Minnesota State Board of Investment (BOI) is reviewing two potential commitments totaling $450m (€400.9m) for its real assets and real estate portfolios. The pension fund disclosed in a meeting document that it is considering a $250m commitment to Energy Capital Partners Management’s latest energy infrastructure fund and a $200m allocation to TA Realty’s current value-add US real estate fund.
LBA Realty secures $50m commitment from LACERS for US industrial fund

3 weeks ago | realassets.ipe.com | Jon Peterson

Los Angeles City Employees’ Retirement System (LACERS) has made a $50m (€44.6m) commitment to LBA Realty’s latest US non-core industrial fund. LACERS disclosed in a meeting document that it has committed the capital to LBA Logistics Value Fund X. As previously reported LBA Realty aims to raise $2.5bn for the fund which targets existing industrial assets with value-add potential or new development opportunities. The latest fundraising target is a 25% increase from its previous fund in the series.
Connecticut Retirement weighs $450m in new real estate commitments

3 weeks ago | realassets.ipe.com | Jon Peterson

Connecticut Retirement Plans and Trust Funds is considering making $450m (€403.8m) worth of new real estate commitments, according to the pension fund’s board meeting document. According to the document, the pension fund is considering investing $150m in US grocery-anchored shopping centres via a fund managed by Sterling Organization. Sterling Organization is seeking to raise $600m for the fund with a hard cap of $850m, and aims for an internal rate of return of 8% to 10%.
Louisiana Teachers invests €115m in European logistics via EQT Exeter

3 weeks ago | realassets.ipe.com | Jon Peterson

Teachers’ Retirement System of Louisiana (TRSL) has approved a €115m commitment to EQT Exeter’s latest European logistics fund. The $27bn (€24.4bn) pension fund disclosed in a board meeting document that it has committed the capital to EQT Exeter Europe Logistics Value Fund V, contingent on the investment being no more than 10% of the fund’s total capital.