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CalPERS Allocation to Canyon Partners Hits $1B

The California Public Employees’ Retirement System (CalPERS) expanded its existing relationship with Canyon Partners Real Estate. The public pension allocated $350 million of new capital to the Canyon Catalyst Fund (CCF), a real estate emerging manager program. The cumulative capital committed by CalPERS since 2012 now equals $1 billion.

CalPERS Paul Mouchakkaa says, “Our partnership with Canyon Partners Real Estate is off to a strong start, and has added value to CalPERS’ Real Estate portfolio. CalPERS’ longstanding commitment to emerging managers is reflected in our expanded investment with Canyon.”

CCF currently invests in office, retail, industrial, multifamily, and mixed-use projects in urban markets across California, with investments in 27 assets across the state. While remaining committed to investing in California, CCF will expand its geographic focus to the Phoenix, Seattle, and Portland metro areas, and expects to add investments in the self-storage and student housing sectors.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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