December 14, 2023
In the investment industry, public pension funds seem to hold the most significant role and responsibility. Tasked with the duty of securing the financial stability of millions of retirees, these immense financial institutions have long been at the forefront of diverse investment strategies. Yet, in recent times, one asset class has gained particular prominence in their portfolios – real estate.
In this blog, we will examine the dynamic world of public pensions and their increasingly strategic allocation of assets to real estate investments. After reading this, you’ll have a better understanding of the 25 largest public pension funds that are allocating to private real estate.
1. California Public Employees’ Retirement Systems
AUM: $500,000,000,000
2. California State Teachers’ Retirement System
AUM: $320,000,000,000
3. New York State Common Retirement Fund
AUM: $272,000,000,000
4. New York City Comptroller’s Office
AUM: $250,000,000,000,000
5. Florida State Board of Administration
AUM: $240,000,000,000
AUM: $202,000,000,000
7. Washington Department of Retirement Systems
AUM: $193,000,000,000
8. Washington State Investment Board
AUM: $190,000,000,000
9. Teacher Retirement System of Texas
AUM: $185,000,000,000
10. State of Wisconsin Investment Board
AUM: $148,000,000,000
11. Minnesota State Board of Investments
AUM: $134,000,000,000
AUM: $130,000,000,000
13. New York State Teachers Retirement System
AUM: $130,000,000,000
14. Ohio Public Employees Retirement System
AUM: $123,000,000,000
15. North Carolina Retirement Systems
AUM: $115,000,000,000
16. Virginia Retirement System
AUM: $105,000,000,000
17. Mass PRIM
AUM: $104,000,000,000
18. Teachers Retirement System of Georgia
AUM: $102,100,000,000
19. State of Michigan Investment Board
AUM: $97,000,000,000
20. Teachers’ Retirement System of the City of New York
AUM: $93,500,000,000
21. Oregon Public Employees Retirement Fund
AUM: $92,000,000,000
22. New Jersey Division of Investment
AUM: $87,000,000,000
23. State Teachers Retirement System of Ohio
AUM: $87,000,000,000
24. The World Bank
AUM: $86,000,000,000
25. New York City Employees’ Retirement System
AUM: $80,000,000,000
To see a full list of Public Pension Funds that allocate across all asset classes, start your free trial of Dakota Marketplace here.
Morgan Holycross is a Marketing Manager at Dakota.
