The 25 Largest Public Pension Funds that Allocate to Private Real Estate

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

6. California State Treasurer

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

12. Oregon State Treasury

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. 

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Written By: Morgan Holycross, Marketing Manager

Morgan Holycross is a Marketing Manager at Dakota.


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