Teachers’ Retirement System of the State of Illinois (TRS Illinois) has added Tristan Capital Partners to its real estate manager lineup by way of a capital commitment into the manager’s European opportunity fund.
The $51.6bn (€45.25bn) pension fund said it will commit €87m into the manager’s European Property Investors Special Opportunities 5 (EPISO 5).
Illinois Teachers said it has also approved a new commitment of $150m into the $7.7bn Clarion Lion Industrial Trust.
Clarion Partners, the manager of the fund, oversees a portfolio valued at $406.8m (€357.8m) for TRS Illinois.
Most of the capital for the fund is invested in existing US bulk distribution and warehouse assets. There’s also the option of investing a small portion of capital into build-to-core development or other value creation strategies.
- American Investors
- Capital Raising
- Clarion Lion Industrial Trust
- EPISO 5
- European Investors
- Illinois Teachers
- Investment Strategies
- Investment Vehicles
- Pension Funds
- Real Estate
- Tristan Capital
- TRS Illinois
- US Investors