State of Wisconsin Investment Board (SWIB) is to invest a further $150m (€121m) in real estate debt through a long-running separate account managed by Heitman.

According to a board meeting report, the Heitman Debt Separate Account VII will target core real estate assets in the US.

Assets can include office, industrial, retail, residential and specialist property types.

Heitman declined a request for comment.

The debt separate account relationship dates back to 2010. SWIB has made seven previous commitments totalling $765m.

SWIB also said it had another $586m of potential fund investments, including $100m commitment to an open-ended fund that invests in medical office buildings.

It is also planning to invest $200m in two apartment funds, $100m in an office fund, $100m in an opportunistic fund, $20 in a value-added fund, and $66m in a co-investment debt transaction for an office building.