Katherine Bucaccio

The state’s pension investment committee has begun the search for a new value-added/opportunistic manager to diversify its $56 million real estate portfolio.

The $17.27 billion pension system has approved a $52 million commitment to Gaw Capital’s latest fund in an attempt to increase its exposure to the Asian market.

The $5.95 billion county pension system will make two new commitments, allocating $80 million to Siguler Guff and $70 million to Oaktree.

The state’s Educational Retirement Board has approved a $50 million commitment to Raith Capital Partners’ new real estate debt fund.

With fundraising for its $50 million debut fund wrapping up, the Los Angeles-based investment firm has its second sale-leaseback vehicle in the works, seeking $250 million.

The state’s $16.5 billion endowment expects to commit a total of $35 million to two real estate debt funds at its upcoming board meeting.

The former chief financial officer of real estate and infrastructure at ADIA has joined USAA’s real estate division.

The Atlanta-based investment firm has completed the capital raise for its third fund, closing on $107 million from family offices and high-net-worth individuals.

In the first move to increase its non-core real estate investments, the Wyoming State Loan and Investment Board has committed $150 million to the fourth offering of Northwood Investors’ opportunistic fund.

The real estate investment firm founded by former Blackstone executive Christopher Peatross has held a first close on its debut fund, raising $75 million for value-added properties on the West Coast.