IHP's History Founders Investors Key Management IHP's History IHP Capital Partners was established in 1992 through formation of a partnership with the California Public Employees' Retirement System (CalPERS), the largest pension fund in the world, which decided to engage in residential financing. In accordance with partnership guidelines, IHP was given discretion over housing investments as the company aimed to develop high-quality, enduring relationships with builders and developers. With that initial $75 million pledge from CalPERS, IHP's first investment, a housing development in Northern California, exceeded the proforma and produced more than a 40 percent net return to CalPERS. Over the succeeding 15 years, IHP received equity commitments totaling approximately $1.5 billion from CalPERS, Pacific Life Insurance Company, Pacific Life & Annuity Company and The Northwestern Mutual Life Insurance Company. As a result of those commitments, IHP established five for-sale residential equity funds to finance projects representing more than $18 billion of estimated sales revenue. Moreover, IHP has established successful, long-term, joint-venture partnerships with more than 20 of the nation's largest homebuilders and land developers. By 2007, projects with IHP and its builder and developer partners were under way in 14 states from Hawaii to Delaware. ©2010 IHP Capital Partners, All rights reserved.