The pension has acquired interests in two component funds within IDR Core Property Trust, an open-ended commingled real estate vehicle.
The recently registered interval fund, sub-advised by Barings, will target private asset-based credit investments through direct and secondary transactions.
The LP interests were reportedly priced at a discount of more than 10% and included software and other tech-focused buyout funds.
Singapore's SWF is reportedly marketing PE fund interests managed by firms including EQT, TPG Asia and KKR, with PJT Partners advising.
The pension is also considering allocating to a similar evergreen credit strategy by Pemberton, in addition to a commitment to Cambridge Associates' sequel secondaries fund.
The Zenzic Real Estate Credit Opportunities Fund launched in October 2025 with an anchor investment from GCM Grosvenor.
The sovereign wealth fund has reportedly tapped Evercore to assist in trimming its maturing portfolio.
The pension committed to selling its full interests in several EnCap-managed funds to reduce commodity exposure and diversify away from energy.
The secondary sales of China-focused PE fund interests were reportedly put on hold after buyer valuations failed to meet expectations.
The massive sale delivered C$4 billion in net proceeds and comes on the heels of the pension unloading its remaining European NPL portfolio.
