State of Wisconsin Investment Board (SWIB) has invested $150m (€125.1m) into its US senior living assets separate account relationship with Blue Moon Capital Management.
The amount allocated to the Blue Moon Separate Account II doubles the pension fund’s investment into Blue Moon separate accounts. It follows an initial $100m invested in 2018 and a further $50m it allocated the following year.
The $144bn pension fund told IPE Real Assets that with leverage, the new capital will have a $300m firepower to invest in modern senior living assets that have high barriers to entry.
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