Our strategic investment programs are managed by external investment managers. External managers typically invest alongside CalPERS capital and are focused on a particular strategy, geography, industry sector, or property type.

Operating as fiduciaries to CalPERS, these external managers are granted discretion to acquire, manage, and dispose of CalPERS assets, consistent with agreed-upon investment guidelines, return objectives, and annual investment plans.

NCREIF East and West regions plus Texas

General Investment and Development Advisors, Inc.
Bill Roberts, Executive Vice President, Portfolio Management
125 High St., 27th Floor
Boston, MA 02110
(617) 973-9680
Fax (617) 973-9646

NCREIF Midwest and West regions excluding Texas

Invesco
Sally Stocks, Director, Portfolio Management
101 California St., Ste. 1800
San Francisco, CA 94111
(415) 445-7558
Fax (415) 445-7549

NCREIF West region - Class B

Pacific Urban Residential
Al Pace, President and Chief Executive Officer
777 California Ave.
Palo Alto, CA 94304
(650) 842-2390
Fax (650) 213-8849

CIM Group, LLC
Avi Shemesh, Principal
4700 Wilshire Blvd.
Los Angeles, CA 90010
(323) 860-4900
Fax (323) 860-4901

Hearthstone Housing Partners
Mark Porath, Chief Executive Officer
24151 Ventura Blvd.
Calabasas, CA 91302
(818) 385-3541
Fax (818) 385-0310

Hines
Gary Holtzer, Senior Managing Director
101 California St., Ste. 1000
San Francisco, CA 94111-5894
(415) 398-1442
Fax (415) 982-6200

Institutional Housing Partners
Douglas C. Neff, President
100 Bayview Cir., Ste. 2000
Newport Beach, CA 92660
(949) 851-2121
Fax (949) 851-8284

Resmark Equity Partners
Robert N. Goodman, Chairman and Chief Executive Officer
10880 Wilshire Blvd., Ste. 1420
Los Angeles, CA 90024
(310) 474-8400
Fax (310) 474-8440

The Newland Group, Inc.
Vicki Mullins, Executive Vice President and Chief Financial Officer
9820 Towne Centre Dr., Ste. 100
San Diego, CA 92121
(858) 455-7503
Fax (858) 455-5368

Joint ventures with California-based emerging managers investing in California urban real estate

Canyon Capital Realty Advisors 
Maria Stamolis, Managing Director
2000 Avenue of the Stars, 11th Floor
Los Angeles, CA 90067
(310) 272-1500
Fax (310) 272-1501

Core industrial assets in top tier industrial markets

Bentall Kennedy
Steve Lekki, Senior Vice President, Portfolio Management
600 California St., Ste. 560
San Francisco, CA 94108
(415) 375-4014

Tactical logistics oriented assets near ports and intermodals

GI Partners
John Saer, Managing Director or Roman Braslavsky, Vice President
283 Greenwich Ave., Ste. 3000
Greenwich, CT 06830
(203) 661-2000
Fax (203) 661-2001

Stabilized industrial and office in key locations in Brazil

Hines Brazil
Steve Dolman, Senior Managing Director, Investment Management
2800 Post Oak Blvd., Ste. 4800
Houston, TX 77056-6118
(713) 621-8000
Fax (713) 966-7675

Stabilized industrial and retail in key locations in Russia

Hines Russia
Simon Shen, Senior Managing Director
2800 Post Oak Blvd., Ste. 5000
Houston, TX 77056
(713) 621-8000
Fax (713) 966-2628

Stabilized office and retail in key locations in China

ARA China
Moses Song, Chief Investment Officer
6 Temasek Blvd.
#16-02 Suntec Tower Four
Singapore 038986
+65 6835 9232
Fax +65 6835 9672

Derek Lai, Head of Portfolio Management
Units 2601-2602 Azia Center
1233 Lujiazui Ring Rd.
Pudong
Shanghai 200120
China
+86 21 6859 1088
Fax +86 21 6859 1290

Core and value added assets in gateway cities

Commonwealth Partners
Michael Croft, Chief Executive Officer, Co-Managing Principal
515 South Flower St., 32nd Floor
Los Angeles, CA 90071
(213) 629-2100
Fax (213) 626-2114

Technology related properties, data centers, corporate campus facilities, and life science assets in select markets

GI Partners
Alexander Fraser, Managing Director
2180 Sand Hill Rd., Ste. 210
Menlo Park, CA 94025
(650) 233-3600
Fax (650) 233-3601

Neighborhood and community centers in high-income submarkets

First Washington Realty
Daniel J. Radek, Executive Vice President and Chief Financial Officer
Bill Wolfe, President and Chief Executive Officer
4350 East-West Hwy., Ste. 400
Bethesda, MD 20814
(301) 907-7800
Fax (301) 907-4911

High-end fashion retail; "Regional malls and lifestyle centers"

Miller Capital Advisory, Inc.
Andrew R. Miller, President and Chief Executive Officer
5750 Old Orchard Rd., Ste. 400
Skokie, IL 60077
(847) 966-9600
Fax (847) 966-9628