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Calpers Earmarks $4.8bn For Real Estate Despite Market Competition | News | Ipe Ra

by realassets.ipe.com posted 9months ago 32 views
Pension fund ups iinvestment target but recognises deployment challenge. : California Public Employees’ Retirement System (CalPERS) plans to invest up to $4.8bn (€4.1bn) in real estate over the next 12 months. The $352bn pension fund will set aside $1.4bn to maintain and improve existing holdings and $3.4bn for new investments through its separate account managers and new commingled funds, according to documents seen ahead of its board meeting on Monday.

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