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.
To read the digital edition of the latest IPE Real Assets magazine click here.
