The Institutional Investors of Real Assets in Q1 2024

In the first quarter of 2024, institutional investors demonstrated a notable increase in their commitment to real assets, with 47 investments amassing a total of $5.64 billion. This represents significant growth compared to the first quarter of 2023, where 41 investments were made, totaling $4.7 billion.

This year's elevated interest centered on infrastructure, commodities, and natural resources, signaling a shift away from traditional assets toward those offering potential inflation protection and portfolio diversification amid global economic uncertainties.

This blog also provides a detailed list of institutional investors who have made significant commitments to real assets in the first quarter of the year. Our analysis spotlights the key players, offering a clear view of who is leading the charge in diversifying portfolios.

You can view the detailed list in Dakota Marketplace.

**We cannot guarantee these numbers are 100% complete as investments may have been made that we are unaware of.

Investor

Amount Invested 

Number of Real Asset Investments

New York State Common Retirement Fund

$725,000,000

3

New Jersey Division of Investment

$500,000,000

1

Maryland State Retirement & Pension System

$400,000,000

3

Connecticut Retirement Plans and Trust Funds

$325,000,000

2

Virginia Retirement System

$300,000,000

2

Cook County Annuity and Benefit Fund

$250,000,000

3

ACCESS Pool

Undisclosed

2

New York City Employees' Retirement System

$162,000,000

1

Minnesota State Board of Investments

$150,000,000

1

San Francisco Employees' Retirement System

$140,000,000

2

Scottish Borders Council Pension Fund

$100,000,000

1

Ireland Strategic Investment Fund

$100,000,000

1

Andra AP-fonden AP2

$100,000,000

1

Vermont Pension Investment Committee

$50,000,000

1

Teachers Retirement System of Louisiana

$50,000,000

1

Miami Firefighters & Police Retirement Trust

$50,000,000

1

Arkansas Teacher Retirement System

$50,000,000

1

New Mexico State Investment Council

$45,000,000

1

Seattle City Employees Retirement System

$37,500,000

2

Texas Municipal Retirement System

$31,000,000

1

School Employees Retirement System of Ohio (OHSERS)

$25,000,000

2

Rhode Island State Pension

$25,000,000

1

Pennsylvania Treasury Department

$25,000,000v

1

Santa Barbara County Employees' Retirement System

$20,000,000

2

San Antonio Fire & Police Pension Fund

$20,000,000

1

University of Alabama System Endowment

$15,000,000

1

Arlington County Employees Retirement System

$15,000,000

1

The Firemen's Retirement Plan of St. Louis

$10,000,000

1

Plymouth County Retirement Association

$10,000,000

1

Quincy Retirement System

$8,000,000

2

Fairfax County Educational Employees' Supplementary Retirement System

$2,500,000

1

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Written By: Koncheng Moua, Director of Data Management and Strategy

Koncheng Moua is the Director of Data Management and Strategy at Dakota.