Christie Ou
However, the average allocation to private real estate across all institutions rose from 6.9% in H1 2022 to 8% in H1 2024.
The executive's promotion to chief of staff follows a senior management reshuffle announced at the end of July.
The prevalence of non-mainstream products, such as debt and data center funds, have yet to be reflected amid tumbling fundraising totals.
With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.
Chief executive Lim Chow Kiat said climate impacts must now be one of the key factors to consider when assessing potential investments.
Iliffe will spin out part of LOGOS’ business following ESR’s acquisition of the three co-founders’ ownership stakes.
Before launching a dedicated fund, the firm has deployed over A$5bn in Australia across real estate debt and equity since 2011.
The pension fund committed $1bn to overseas direct real estate funds within six months last year.
He believes investors will want to capitalize on strong risk-adjusted returns for credit investments before rates come down later this year.
The joint venture marks the first time the firm has set up a direct investment vehicle with a single institutional investor.