Alternatives Watch

Core real estate has been in a performance slump over the last 21 months, yet according to consulting firm Meketa Investment Group the pressure facing real estate portfolios should moderate with clarity around long-term interest rates. https://lnkd.in/gPaRPauG

Australia‘s A$85 billion ($56 billion) Retail Employees Superannuation Fund (REST Super) announced a new commitment to make an impact when it comes to decarbonization and deglobalization of the global economy. https://lnkd.in/gJdgEzAC

StanCERA consultant NEPC told trustees that #diversifying strategies such as global macro #hedgefunds aim to improve long-term risk-adjusted returns of a portfolio by lowering #volatility and correlations. They added that manager selection is key with such funds. https://lnkd.in/ghR8Cijc

The Illinois Police Officers' Pension Investment Fund approved a search for a #privatecredit manager to handle a slice of its allocation to the asset class. And so, yes credit strategies play in Peoria! https://lnkd.in/g-Nfwnpi

LACERS added $110 million to its existing private equity program with the addition of four funds. Details below! https://lnkd.in/gsQPKCWV

Large hedge fund advisers that experienced critical downtime related to the CrowdStrike meltdown on Friday need to report it to the SEC – most likely by today, according to law firm Seward & Kissel LLP. https://lnkd.in/gKYbT6qy #hedgefunds #SEC

Stonepeak announced plans to acquire Arvida Group Limited, one of New Zealand‘s largest retirement home and senior care providers, for about $1.25 billion, marking the first major deal for the firm’s first dedicated Asia Pacific strategy. #acquisition #NewZealand #AsiaPacific

Harrison Street, Kayne Anderson, Warburg Pincus LLC and I Squared Capital were some of the firms announcing moves in their executive or investment teams across several alternative asset classes this week. https://lnkd.in/guDwaAzv #alternativeinvestment #privateequity #realestate #peoplemoves #hired

The Employees Retirement System of Texas in Austin announced $335 million in investment activity, including co-investments completed during May and June. https://lnkd.in/gjYPUrgp

Cliffwater expanded its dedicated investment team with the hire of Timothy Henn as head of Private Equity Secondaries. https://lnkd.in/gpVmADms