RE at Pension Funds in Canada - What do they do?
Since covid started, I've pretty much exclusively seen job postings for real estate roles at pension funds in Canada. I'm curious as to how involved their real estate teams are in the underwriting, due diligence, etc. process, specifically CPPIB, HOOPP, IMCO, and PSP? I've worked with a couple of those funds before, and from what I've experienced they just look over the investment memos and pre/post DD Argus models. Is that typical?
Lastly, once you start working at a pension fund how hard is the move back to REPE?