Following the recent downturn in the performance of the mega funds, the real estate sector has taken centre stage in the portfolios of European and international institutional investors.
An AltAssets survey of LPs shows that a majority of LPs believe that the real estate sector will offer superior returns over the next few years. Many are actively looking to increase the number of relationships they have with real estate groups and are keen to identify and connect with promising managers.
However, with so many private equity firms entering or re-entering the space, and with some others rebranding themselves as real estate specialists, the sector is becoming crowded and LPs believe they have some work to do in order to pick out the future leaders from the ever-growing pack of followers.
A wide range of LPs who have helped create this Forum or provided their views on the real estate sector, are scheduled to attend. In addition, other LPs throughout the world who have expressed a strong interest in the sector have been invited.
Virtually all participating LPs already have exposure to the sector and most are keen to invest in new funds over the next year or to build relationships with GPs for the medium-term. Many LPs are eager to understand how real estate firms are attempting to differentiate themselves and many are more open to new GP relationships than in any other sector.
Aberdeen Asset Management • Allianz Real Estate GmbH • AP4 • ASGA Pensionskasse • Aviva Investors • AXA Real Estate • BBC Pension Trust • BBVA Fondo de Empleo • Bfinance • BG Group • BlackRock • British Airways Pension Investment • British Steel Pension Fund • CalPERS • Capital Dynamics • Cardano • CDC Group • Church Commissioners for England • Citi Private Bank • CNP Assurances SA • Coram Family Foundation • Coutts • CPPIB • DB Private Equity GmbH • DMGT Pensions • EBRD • European Investment Fund • Fidelity Worldwide Investment • FMO • Generali Real Estate • Goldman Sachs • Greater Manchester Pension Fund • GIC • Hasma Capital Advisors • IFC • ING Investment Management • Ireland Strategic Investment Fund • John Lewis Partnership Pensions Trust • Killeen Group • Hermes GPE • Korea Investment Corporation • Legal & General Investment Management • London Borough of Ealing Pension Fund • London Pensions Fund Authority • Macquarie Infrastructure and Real Assets • Merseyside Pension Fund • MetLife • Mill Group • Mitsubishi Corporation International • MN Services • Nationwide Pension Fund • NGAM • NN Group • Nuveen Global Family Office • Old Mutual Asset Management • Oxford University Endowment • Partners Group • PGGM • Prudential • QIC • Quilvest • Railways Pension Trustee Company • Rockefeller Investments • Russell Investments • Schroders Real Estate Investment Management • Sortis Real Estate • Standard Life • Stapi Pension Fund • Stepstone Real Estate • Stonehage Fleming • Strathclyde Pension Fund • Swiss RE • Sugarloaf Foundation • Tellon Capital • UBS Global Asset Management • Unilever Pension Fund • Unigestion • White Lake Advisory Group • Wilshire Associates Europe • Zurich Insurance Company