TH Real Estate’s latest multifamily fund has received $100m (€81m) capital from a US state pension fund.

State of Wisconsin Investment Board (SWIB) said in a board meeting report that it approved the amount into the CASA Partners VIII fund.

TH Real declined a request for comment. SEC filing late last month revealed CASA Partners VIII was planning to raise an undisclosed sum.

TH Real, a unit of TIAA’s investment management arm Nuveen, closed its seventh fund last October, after receiving $245m from German and US pension funds including SWIB. 

SWIB has told IPE Real Assets that it had made four other investments amounting to $350m in previous CASA funds, which invest in value-add apartments in the US.

The latest fund will invest in affordable workforce housing, using 40% of debt financed by municipal bonds.

SWIB also said it had approved a $20m commitment to the Security Capital Preferred Growth, a fund managed by Security Capital Research & Management that invests in the securities of US real estate companies.

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