California Public Employees’ Retirement System is seeking to allocate around $2 billion to property deals this year, The Wall Street Journal reports. The pension fund is planning to commit more capital to separate accounts ­property portfolios managed by real-estate companies. The system is expected to discuss its new strategy in a board meeting as early as February. CalPERS recently appointed companies, including CommonWealth Partners, GI Partners and GID Investment Advisers as its real estate managers.

Click here for the story from The Wall Street Journal.