State of Wisconsin Investment Board (SWIB) is planning to invest in a fund that will target short-duration debt backed by multifamily real estate in the US.

According to a board meeting report, the pension fund is to commit $100m (€91.9m) to Berkshire Bridge Loan Investors-MF1 III.

SWIB declined a request to comment.

According to an SEC filling, Berkshire has set a $3.5bn capital-raising target for the fund.

The investment by SWIB is part of $215m in commitments to real estate strategies approved during the third quarter of 2023.

They include a $100m investment in Stream Data Center Fund I, involving a $50m commitment to the fund and $50m in co-investment capital.

Fund manager Stream Data Centers did not respond to a request for comment.

SWIB also committed $15m to the Wilson Blue Moon I, a fund that invests in senior living assets.