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FUNDRAISING NEWS | January 21, 2025
Tags: Pension Funds, Real Estate, New Investment
The National Pension Service (NPS) of Korea reportedly made an $800M commitment to Almanac Realty Investors as part of a strategic partnership that will focus on investing in real estate platforms and acquiring GP stakes in real estate investment managers.
The amount represents an initial commitment made by the NPS, to be deployed across various real estate investment vehicles managed by Almanac, the private real estate investment arm of Neuberger Berman. Almanac said the strategic partnership also stemmed from the Korean pension’s recent formation of its real estate investment platform team last year, which focuses on originating potential deals in the global real estate market.
Per Dakota data, the NPS oversees a national portfolio of approximately $800B.
Written By: Dakota
April 11, 2024
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February 03, 2025
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