State of Wisconsin Investment Board (SWIB) has approved a $150m (€126.9m) commitment to Hudson Single-Family Rental Fund, an open-ended US value-add residential real estate fund.
The pension fund told IPE Real Assets that “the interest in the property type is being driven by the good prospects for continued rental rate growth.”
Hudson Advisors declined a request for comment.
SWIB has also reinvested with Penwood Real Estate Investment Management by allocating $100m to the Penwood Select Industrial Fund VI fund. In March last year, SWIB made a $67.5m co-investment commitment to Penwood Select Industrial Club V, a US fund with a strategy including development/lease-up risk-managed.
Penwood did not respond to requests for comment.
In a meeting document, SWIB disclosed it has $801m worth of potential new commitments in its pipeline under review. These commitments include $300m for an industrial debt separate account and $100m for an opportunistic hotel real estate joint venture.
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