State of Wisconsin Investment Board (SWIB) has approved a $100m (€93.2m) commitment to an industrial fund managed by Realterm.

The pension fund disclosed in a meeting document that it has placed the capital into RLIF Co-Investment Fund I, a fund that invests internationally with a primary focus on Europe.

The commitment is SWIB’s only real estate investment during the second quarter of the year. SWIB declined a request for further comment.

According to an SEC filing, as of the end of May, Realterm had raised $532m for the fund.

Realterm is known as an investment manager of transport logistics real estate and infrastructure.

The manager seeks to invest in transportation-advantaged assets located within the top global distribution and logistics markets.

Realterm declined a request for comment.

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