New York State Teachers Retirement System (NYSTRS) has approved a new $300m (€256.7m) commitment to its separate account relationship with Prima Capital Advisors.
The pension fund said in a meeting document that the new capital will target commercial mortgage-backed securitisation (CMBS) and private real estate debt in the US.
Formed 18 years ago, the Prima Capital separate account was valued at $1.04bn as at the first half of the year.
The portfolio comprises $518m CMBS and $520m worth of real estate debt.
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