Harrison Street Real Estate Capital’s open-ended social infrastructure fund’s net asset value has reached $2.4bn (€2.2bn) according to an investor.

Sacramento County Employees’ Retirement System (SCERS) disclosed in a meeting document that it has approved a further $25m to the Harrison Street Social Infrastructure Fund. SCERS previously made a $75m commitment to the fund.

The social infrastructure fund, launched in 2018, invests in assets that serve the education, healthcare, government and utility sectors. The open-ended fund seeks gross returns of 8% to 10%.

Harrison Street declined a request for comment.

To read the latest edition of the latest IPE Real Assets magazine click here.