The State of Wisconsin Investment Board (SWIB) is reviewing seven potential real estate commitments totalling $435m (€388.8m), according to a board meeting document.
Two of the investments under consideration are for international real estate opportunities in Asia.
These represent a possible $75m commitment into a closed-end fund that will invest in a diversified portfolio of property types, and a co-investment of $15m.
If approved, both would form part of the pension fund’s non-core portfolio.
Another commitment under review is a possible new manager relationship that would see $100m invested into a closed-end fund that invests in senior housing properties in the US.
SWIB is also eyeing two further $100m investments: a closed-end fund investing in real estate debt on a non-core basis; and an additional closed-end fund that invests in multiple property types on a non-core basis.
The final two potential investments under consideration by the pension fund – for $25m and $20m – are co-investments in the industrial real estate sector.
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