
NYSCRF Bulks Up on Real Estate Investments in December
The $275 billion pension giant committed more than $2 billion in total for the month.
The $275 billion pension giant committed more than $2 billion in total for the month.
The pension giant’s latest ventures in Brazil and South Korea bring its January deal total to four.
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
The sale is the first major deal since the Québécois pension fund consolidated its real estate units.
The quiet month was preceded by a two-month, $7.6 billion investing spree.
The manager of Norway’s $1.76 trillion sovereign wealth fund paid $217 million for the real estate.
The performance raised the plans’ year-to-date return to 9.6%.
The pension giant also committed another $1 billion to a BlackRock climate fund after dumping nearly $4 billion in public equities earlier this year.
More than half of the $1.3 billion in June commitments were made within the NYSCRF’s PE portfolio.