As growth in data use continues, institutional investors in the private real estate markets are allocating an increasing amount of capital to the sector, says James Jacobs, head of real estate for Lazard’s private capital advisory group.
State pension funds should be barred from considering social and environmental factors in their investment decisions, a conservative association said in a push for new state legislation that would clash with the financial industry’s efforts to focus on greener investments.
Recommendation to increase fund’s private equity target allocation will follow a review of its asset allocation later this year after receiving a review of its private equity portfolio in the first quarter.