224 investors with a stated core plus focus. Investors in mostly stabilized assets that add modest upside through light improvements or lease-up.
Largest by disclosed AUM first. Click a name for the full profile.
| Investor | Type | Location | AUM |
|---|---|---|---|
| Blackstone Group - Fund of Funds and Secondary | Fund of Funds | New York, United States | $1100.0B |
| National Pension Service | Public Pension Fund | Jeonju-si, South Korea | $800.0B |
| KKR | Asset Manager | New York, United States | $553.0B |
| California Public Employees' Retirement System | Public Pension Fund | Sacramento, United States | $530.0B |
| California State Teachers' Retirement System | Public Pension Fund | West Sacramento, United States | $350.0B |
| New York State Common Retirement Fund | Public Pension Fund | Albany, United States | $267.7B |
| Florida State Board of Administration | Public Pension Fund | Tallahassee, United States | $262.4B |
| AustralianSuper | Private Sector Pension Fund | Melbourne, Australia | $225.0B |
| Manulife Investment Management | Asset Manager | Toronto, Canada | $210.0B |
| Teacher Retirement System of Texas | Public Pension Fund | Austin, United States | $181.5B |
| Blue Owl | Asset Manager | New York, United States | $180.0B |
| State of Wisconsin Investment Board | Public Pension Fund | Madison, United States | $160.0B |
| Regents of the University of California | Endowment Plan | Oakland, United States | $152.3B |
| New York State Teachers' Retirement System | Public Pension Fund | Albany, United States | $148.6B |
| Minnesota State Board of Investment | Public Pension Fund | Saint Paul, United States | $146.0B |
| North Carolina Retirement Systems | Public Pension Fund | Raleigh, United States | $123.0B |
| Equitable Financial Life Insurance Company | Insurance Company | New York, United States | $116.5B |
| Virginia Retirement System | Public Pension Fund | Richmond, United States | $113.0B |
| TPG | Asset Manager | New York, United States | $109.0B |
| Teachers' Retirement System of the City of New York | Public Pension Fund | New York, United States | $107.0B |
| PFA | Public Pension Fund | Copenhagen, Denmark | $105.4B |
| Ohio Public Employees Retirement System | Public Pension Fund | Columbus, United States | $99.0B |
| Oregon Public Employees Retirement System | Public Pension Fund | Tigard, United States | $95.6B |
| State Teachers Retirement System of Ohio | Public Pension Fund | Columbus, United States | $93.0B |
| United Nations Joint Staff Pension Fund | Private Sector Pension Fund | New York, United States | $89.2B |
| New York City Employees' Retirement System | Public Pension Fund | New York, United States | $87.8B |
| Alaska Permanent Fund | Sovereign Wealth Fund | Juneau, United States | $85.0B |
| Los Angeles County Employees' Retirement Association | Public Pension Fund | Pasadena, United States | $79.0B |
| Pennsylvania Public School Employees Retirement System | Public Pension Fund | Harrisburg, United States | $74.8B |
| Teachers Retirement System of the State of Illinois | Public Pension Fund | Springfield, United States | $71.5B |
| New Jersey Division of Investment | Public Pension Fund | Trenton, United States | $69.3B |
| Keva | Public Pension Fund | Helsinki, Finland | $69.0B |
| Colorado Public Employees' Retirement Association | Public Pension Fund | Denver, United States | $68.0B |
| Maryland State Retirement and Pension System | Public Pension Fund | Baltimore, United States | $68.0B |
| Tennessee Consolidated Retirement System | Public Pension Fund | Nashville, United States | $61.5B |
| New Mexico State Investment Council | Sovereign Wealth Fund | Santa Fe, United States | $55.7B |
| Connecticut Retirement Plans and Trust Funds | Public Pension Fund | Hartford, United States | $55.3B |
| Arizona State Retirement System | Public Pension Fund | Phoenix, United States | $55.0B |
| Illinois Municipal Retirement Fund | Public Pension Fund | Oak Brook, United States | $55.0B |
| New York City Police Pension Fund | Public Pension Fund | New York, United States | $54.8B |
| Texas Permanent School Fund | Endowment Plan | Austin, United States | $52.3B |
| Texas County & District Retirement System | Public Pension Fund | Austin, United States | $46.0B |
| South Carolina Retirement System Investment Commission | Public Pension Fund | Columbia, United States | $44.9B |
| Belfer Management | Single family office | New York, United States | $44.0B |
| Indiana Public Retirement System | Public Pension Fund | Indianapolis, United States | $41.3B |
| Texas Municipal Retirement System | Public Pension Fund | Austin, United States | $40.5B |
| Employees Retirement System of Texas | Public Pension Fund | Austin, United States | $40.0B |
| Mercer Alternatives | Fund of Funds | Zurich, Switzerland | $40.0B |
| Greater Manchester Pension Fund | Public Pension Fund | Droylsden, United Kingdom | $39.6B |
| Voya Financial | Insurance Company | New York, United States | $37.6B |
| Pennsylvania State Employees' Retirement System | Public Pension Fund | Harrisburg, United States | $37.5B |
| Alaska Retirement Management Board | Public Pension Fund | Juneau, United States | $35.0B |
| San Francisco Employees' Retirement System | Public Pension Fund | San Francisco, United States | $34.2B |
| Crow Holdings | Asset Manager | Dallas, United States | $33.0B |
| Los Angeles Fire and Police Pension System | Public Pension Fund | Los Angeles, United States | $31.3B |
| Athos Group | Multi family office | Baar, Switzerland | $30.0B |
| Morgan Stanley Investment Management (FoFs and Secondaries) | Fund of Funds | New York, United States | $29.1B |
| Kentucky Public Pensions Authority | Public Pension Fund | Frankfort, United States | $29.0B |
| West Virginia Investment Management Board | Public Pension Fund | Charleston, United States | $27.2B |
| Kentucky Teachers' Retirement System | Public Pension Fund | Frankfort, United States | $27.0B |
LPbacked tracks 224 investors whose stated real estate focus includes core plus, across 17 countries. 18 of them are family offices. The largest concentrations are in United States, United Kingdom, Finland.
Investors in mostly stabilized assets that add modest upside through light improvements or lease-up. The mix here includes public pension fund (119), real estate firm (42), family office - multi (12), insurance company (8).
Filter to the investors whose strategy and geography match your deal or fund, read each profile to find a specific reason it fits, then reach the person who leads real estate allocations. A short, well-matched list outperforms a large generic one.
Filter by market, deal format and strategy, and see each investor\'s mandate, in the full list of core plus real estate investors on PropertyLPs.