Bell Partners has so far raised $950m (€874.9m) for its latest US value-add apartment fund according to the Ohio Bureau of Workers Compensation Board (BWC).

In a meeting document, Ohio BWC said it has approved a $75m commitment to the Bell Apartment Fund VII and expects to commit the same amount to another value-add fund this year.

The fund’s manager Bell Partners co-invested $17m into the Fund VII fund, which was reportedly seeking to raise $800m. The manager reportedly raised $600m for the predecessor Bell Apartment Fund VI fund in June 2017.

In the meeting document, Ohio BWC said it is planning a one-year extension to its contact with investment consultant RVK from July this year, the last of two one-year extensions permitted.

Ohio BWC plans to issue a new request for proposal for investment consulting services in October for a new three-year contract.

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