California Public Employees Retirement System (CalPERS) is investing in US life science real estate via a $500m (€431.2m) commitment to DivcoWest, according to the pension funds meeting document.

Both CalPERS and DivcoWest declined a request for further comment.

CalPERS said in the meeting document that it has also allocated additional capital to a number of its existing core US real estate partnerships including a $1.26bn commitment to CalEast Solstice, a $4.6bn US industrial partnership with GI Partners.

GI Partners was also awarded a new $567m commitment for the TechCore 2019 partnership that invests in technology-related real estate.

GI Partners did not respond to a request for comment.

CalPERS made a $604m commitment to the Fifth Street Properties partnership with CommonWealth Partners to invest in office assets.

The pension fund also approved a $540m new commitment to Institutional Logistics Partners, a $1.3bn industrial partnership with BentallGreenOak.

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