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allocation strategy

Negative sentiment and macroeconomic and geopolitical concerns continue to hold back the market, panelists said at PERE America.
Julie Donegan, CalSTRS
Taking charge of the pension giant’s $50bn AUM property business is a daunting task. But Julie Donegan is prepared for the challenge.
Portfolios under the magnifying glass
The structural shifts in the market are changing the way capital is deployed into different property types and locations.
China tech graphic
A disrupted commercial real estate capital markets means investment opportunities are more nuanced than there were in past cycles. 
The manager is also seeing distressed opportunities amid tightening borrowing markets.
Real estate silos
The original justification for Canadian pension plans having standalone property platforms no longer holds up today.
National and regional banks are expected to reduce commercial real estate lending, which opens the door for the private markets. 
The opportunity is driven in part by what is going on in the debt markets, with financing more difficult to line up for sponsors than in years past. 
PERE Europe 2023
However, some institutions believe equity deals still are more attractive than debt investments in multiple respects.
New York Life Insurance Company and MetLife Investment Management funded the loan. 
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