Westbrook Partners’ latest opportunistic property fund has attracted $200m (€178m) worth of new commitments from two US public pension funds.
Virginia Retirement System and Mississippi Public Employees Retirement System said they had committed $125m and $75m, respectively, to Westbrook Real Estate Fund XI.
Westbrook’s fundraising target is unknown, although it raised $2.85bn for its previous fund in February 2016.
According to sources, the fund will invest globally and is likely to target returns greater than 15%.
- Teacher Retirement System of Texas
- American Investors
- Capital Raising
- Investment Strategies
- Investment Vehicles
- Mississippi Public Employees Retirement System
- Pension Funds
- Real Estate
- Teachers’ Retirement System of the State of Illinois
- US Investors
- Virginia Retirement System
- Westbrook Partners