Every November, PERE unveils its ranking of the top 50 global institutional investors, but this year we are taking a step further and revealing the 10 investors that have placed just below the main list.

The threshold between placing in the top 50 and falling short of the list is thin – just $225 million divides the investor occupying last place in the GI 50, Korea Investment Corporation, and PFA Pension, ranked in position 51.