State of Wisconsin Investment Board (SWIB) has expanded its industrial real estate portfolio with four new commitments totalling $268m (€243m).

In a board meeting document, the pension fund said it had made a $150m contribution to Nuveen Real Estate’s core open-ended US Cities Industrial Fund and a $67.5m co-investment commitment to the Penwood Select Industrial Club V, a US fund with a strategy including development/lease-up risk managed by Penwood Real Estate Investment Management.

Both managers did not respond to requests for comment.

The $128bn pension fund is also committing $25.7m to Realterm Airport Logistics Properties and $25m to High Street Real Estate Fund VI.

The pension fund told IPE Real Assets: “We are proponents of industrial and moving our allocation closer to the benchmark weight.”

In the board meeting document, SWIB disclosed it was considering two potential new commitments: a $300m core multi-family separate account and a $200m core debt co-investment strategy.