​New Mexico Educational backs Realterm Logistics's debut European fund

New Mexico Educational Retirement Board (NMERB) is for the first time investing in European industrial assets by backing Realterm Logistics’s debut European fund, according to people familiar with the matter.

IPE Real Assets understands that NMERB approved a $50m (€44m) commitment to Realterm European Logistics I at its board meeting this week.

Realterm, which commenced the fundraising for the fund this year, declined a request for comment.

It is expected to raise at least $100m, according to sources.

NMERB is also making a commitment of least $25m to Realterm Logistics III, a fund that invests in value-add assets in the US. The pension fund has $50m invested in the two previous funds.

Related images

  • Warehouse

Have your say

You must sign in to make a comment


Your first step in manager selection...

IPE Quest is a manager search facility that connects institutional investors and asset managers.

  • QN-2570

    Asset class: Direct Real Estate.
    Asset region: Europe excluding Switzerland.
    Size: 150m.
    Closing date: 2019-10-30.

Begin Your Search Now