Mendocino County Aiming to Narrow RE Gap; TCDRS Backs Aspira's Debut Vehicle

Mendocino County Aiming to Narrow RE Gap

TCDRS Backs Aspira's Debut Vehicle

Mendocino County Employees' Retirement Association is looking to narrow its real estate allocation gap by year-end through a pair of capital calls slated for October. The pension's real estate composite stood at 9.68% of its $918.6M portfolio as of July 31, against an 11% target, with roughly $10M in outstanding commitments to LaSalle Investment Management and Kayne Anderson expected to be partially called in October.

Among other allocators, Ircantec launched a restricted tender to select managers for two fixed-income mandates, seeking up to two managers for a green bond framework with an initial allocation of €1.4B and one manager for a social bond framework with an initial allocation of €300M. Elsewhere, Louisiana School Employees' Retirement System committed $60M across three funds, split evenly among Phoenix Real Estate Fund XI, HighBrook Investors Fund V Europe, and Scout Energy Partners Fund VII; while Texas County & District Retirement System committed €35M to the debut vehicle from Stockholm-based Aspira Partners.

On the GP side, former CrowdStrike global CTO Elia Zaitsev is reportedly launching Cognition, a venture firm targeting a $170M fund focused on agentic AI cybersecurity investments; and Rithm Capital-owned Crestline Management closed Crestline European Capital Solutions Fund II at $625M, about 75% above its predecessor.

Separately, Franklin Templeton's head of private markets for Americas Wealth Management, Dave Donahoo, said during a recent podcast that the firm is prioritizing investment strategy over vehicle structure in building out its private-markets offering, including private-market model portfolios and solutions for defined contribution plans.

Read on for all the day’s fundraising news headlines.

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