State of Wisconsin Investment Board (SWIB) has approved $535m (€477m) worth of real estate commitments and has a potential investment pipeline of up to $459m, according to the pension fund’s meeting document.
SWIB has approved a $200m commitment to Heitman’s Wilson HCF Wisconsin Co-Invest Holdings II, a vehicle focussed on core US real estate debt and has approved $100m to the Torchlight Debt Opportunity Fund VII, an opportunistic real estate fund.
As part of an industrial push, the $108bn pension fund has approved a new $135m commitment to its existing US value-add industrial joint venture with The Carson Companies, a relationship which started in 2017.
SWIB told IPE Real Assets that it chose to increase this relationship due to its “industrial focus and the manager’s track record with the pension fund.”
SWIB approved a $100m commitment to the FPA Core Plus Fund V, FPA Multifamily’s latest US core-plus fund.
The pension fund said it also has $150m of possible commitments into a core multi-family joint venture and a potential $100m each into three other commitments either for apartments or industrial assets.
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