To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionSan Francisco Employees backs GCP SecureSpace Property Partners
San Francisco Employees Retirement System (SFERS) has committed $65 million to GCP SecureSpace Property Partners, a real estate investment within the real assets portfolio, according to a recent investment report.
This marks SFERS’ first investment with GCP, a logistics real estate investment manager with a fully integrated operating platform. GCP has experience investing globally and throughout cycles on behalf of institutions, such as pension funds, sovereign wealth funds and endowments.
GCP has invested more than $8 billion of equity in logistics real estate in the United States, and executed on more than $50 billion of logistics real estate transactions globally, according to the firm’s website.
As of Aug. 31, SFERS had a 10 percent actual allocation to real assets, against a target of 15 percent.