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Investors - JUNE 9, 2021

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NYSTRS pours $1.7b into real estate strategies

by Kali Persall

The $137.9 billion New York State Teachers’ Retirement System (NYSTRS) has made a series of commitments to real estate funds and strategies representing nearly $1.7 billion, a spokesperson for the pension fund confirmed in an email.

The pension fund invested $250 million in an opportunistic separate account mandate with GCM Grosvenor, which will invest primarily across the U.S. property spectrum; and also invested $300 million in an opportunistic separate account mandate with Brookfield Asset Management, which will target a mixture of direct and secondary fund positions in real estate funds.

In addition, NYSTRS has struck a new $220 million partnership with FCP to invest in U.S. apartments through the NYSTRS/FCP Multifamily Equity and Mezzanine Program.

The other commitments include $300 million each to Artemis Real Estate Partners Debt Fund and Brookfield Real Estate Finance Fund VI fund; $200 million to the Exeter Europe Logistics Value Fund IV; $100 million

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