Ohio Public Employees Retirement System (PERS) has issued a $300m (€277m) commitment to a US workforce housing fund managed by Lubert-Adler.
The pension fund said it has placed the capital into Lubert-Adler Workforce Housing II, a fund that targets opportunistic housing assets in the US.
According to SEC filings, Workhouse Housing II is seeking to raise $600m, an amount that exceeds the $350m raised by Luber-Adler for its initial workforce housing fund that closed in December 2021.
Lubert-Adler did not respond to a request for comment.
Ohio PERS also said it has committed $200m to the GI Partners-managed GI Data Infrastructure II fund and issued a $75m commitment to the data centre fund’s co-investment vehicle GI Data Infrastructure Opportunities Fund.
The fund mostly invests in assets located in North America.
The fundraising details of GI Data Infrastructure II are currently unknown.
GI Partners raised $1.8bn for Data Infrastructure I which closed in September 2020.
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