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By Jon Peterson2021-04-30T15:34:00+01:00 Ohio Bureau of Workers Compensation (BWC) is planning to hire RVK or NEPC as its new real estate investment consultant. The provider of workers’ compensation insurance with a $3.4bn (€2.8bn) real estate portfolio said it expects to make a final decision on the search at its board meeting on 26 May. Ohio BWC shortlisted the pair from nine firms that responded to the request for proposal issued last year. The search was narrowed down to four finalists which included Stepstone Real Estate and The Townsend Group. The selected firm will be awarded...

Los Angeles Water & Power re-signs StepStone as real estate consultant StepStone Real Estate as real estate consultant, said Jeremy Wolfson, chief investment officer. The $18.4 billion pension fund issued an RFP in September. StepStone had inherited the contract of incumbent consultant Courtland Partners in 2018 following its acquisition of that firm. As of Nov. 30, the actual allocation to real estate was 6.8%; the target is 7%. Related Articles

New Mexico allocates $105 million to 3 alts funds Print New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email. On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan Investors II, both managed by Berkshire Residential Investments. Berkshire Multifamily Debt III would invest 85% or more of its capital in Freddie Mac's K-Program, which was created after the global financial crisis to securitize multifamily loans tr...

New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email. On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan…

Los Angeles County Employees taps StepStone as real estate consultant StepStone Group as its real estate consultant. The board of the of the $63.8 billion pension fund made the selection following an RFP that was launched in September. Incumbent Townsend Group has served as LACERA's real estate consultant since 1992 and "decided not to reapply for their own reasons," said John McClelland, principal investment officer in response to a question from a board member. LACERA has a $5.1 billion real estate portfolio, with 80% invested in separately managed accounts and the remainder in commingled f...