Alaska Permanent Fund Corporation (APFC) has approved $550m (€454.5m) worth of new commitments to Clarion Partners.
The sovereign wealth fund said in a meeting document that it has made a $300m commitment to the Clarion Gables Multifamily Trust Fund, a core-plus open-ended apartments fund and has placed $250m into a co-investment vehicle with Clarion.
Clarion Partners declined to comment when contacted by IPE for this story.
In September last year, IPE Real Assets reported that APFC was considering investing into at least one open-ended apartments fund.
To read the digital edition of the latest IPE Real Assets magazine click here.