State of Wisconsin Investment Board (SWIB) has added $751m (€727m) worth of commitments to its real estate portfolio, according to the pension fund’s meeting document.
SWIB disclosed it made a $150m commitment to the DWS-managed RREEF Core Plus Industrial Fund and placed $26m into the Realterm Airport Logistics Properties Fund.
Commenting on the investment to the open-ended RREEF Core Plus Industrial Fund, SWIB said the fund has an “attractive investment portfolio and is an opportunity to deploy additional capital with a proven, longstanding SWIB manager”.
According to the meeting document, SWIB has placed $100m into the Rockwood Multifamily Partners Fund, a core-plus fund managed by Rockwood Multifamily Partners. SWIB made a $150m commitment to the apartment fund less than a year ago.
SWIB has also made a $50m commitment to Gateway Real Estate Fund VII and committed the same amount to co-invest alongside the Asia real estate fund. The pension fund also approved a $50m commitment to AG Asia Realty Fund V, Angelo Gordon’s latest value-add Asia property fund.
“These commitments allow for a potential of a differentiated opportunity set and capital market conditions versus the US,” SWIB told IPE Real Assets.
SWIB also made a $300m commitment to Blackstone Real Estate Partners X and $25m to Wilson HCF Wisconsin Holdings 8, a debt separate account managed by Heitman.
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