State of Wisconsin Investment Board (SWIB) has approved a $40m (€34.2m) commitment to Bridge Investment Group’s latest value-add US logistics real estate fund.
The $152.5bn pension fund disclosed in its first quarter 2026 real estate update that it has committed capital to Bridge Logistics Value Fund II.
This was SWIB’s only new real estate commitment during this period, following a previous $110m investment into the same fund in February 2025.
As of early March 2026, Bridge Investment had raised a total of $211.4m in closed commitments for the fund, according to an SEC filing. The manager has set a fundraising target of $1bn for the fund.
SWIB has $400m of potential real estate commitments within its investment pipeline. These commitments, which are currently under review by the pension fund’s investment staff, consist of four $100m allocations to US strategies.
One of these allocations would establish a relationship with a new manager for a non-core, closed-ended fund which targets non-traditional property types.
The pension fund is considering investing in hotels through a non-core joint venture with an existing manager.
Other potential commitments include investing in a closed-end non-core residential fund strategy and a non-core diversified property joint venture.
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