State of Wisconsin Investment Board (SWIB) has allocated $150m (€135.9m) to a new separate account relationship with Stream Realty Partners to invest in US data centres.
SWIB disclosed the information in its meeting document as it also revealed making $200m worth of commitments to two US real estate funds.
The pension fund told IPE Real Assets that data centres are now an attractive investment due to the asset’s very strong demand drivers.
SWIB said it will be responsible for approving deals prior to the separate account closing a transaction.
Stream, which did not respond to a request for comment, has a history of investing in markets like Dallas, Chicago, Houston, Minneapolis, Phoenix and San Antonio.
SWIB disclosed in the meeting document that it has made a $150m commitment to Rockwood Multifamily Partners core-plus open-ended US apartment fund. Rockwood Capital declined a request for comment.
SWIB also made a $50m commitment to the DWS-managed Wilson Buckeye Industrial vehicle.
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