Longpoint, the US fund manager known for its investments in retail and industrial assets, has secured a $75m (€69m) commitment from Texas Permanent School Fund for its debut European real estate fund.
The commitment to Longpoint Europe Fund I was disclosed by Texas Permanent School Fund following a public records request.
The fundraising target for the new industrial vehicle has not been disclosed.
The commitment follows Texas Permanent’s previous $75m commitment to Longpoint Fund III in 2023 and $100m to Longpoint Fund IV earlier this year.
An SEC filing in January revealed that Fund IV had reached $494m in commitments.
Longpoint did not respond to requests for comment.
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