CalPERS discloses three real assets commitments in Q1 2020

The $386 billion California Public Employees’ Retirement System (CalPERS) has made several commitments to real estate on behalf of its real assets portfolio in first quarter 2020.

According to a board document for the quarter ending March 31, the pension fund committed $375 million to Canyon Catalyst Fund III, a joint venture between CalPERS and Canyon focused on developing real estate managers, according to the Canyon Catalyst Fund website. The fund series also aims to deploy equity into urban markets throughout the West Coast. The commitment closed during January.

CalPERS also has committed $346.5 million to Gotham Office Realty Partnership, a real estate equity fund managed by Meadow Gotham Management. The fund hit the market in late January, according to an