The $302.1 billion California State Teachers’ Retirement System (CalSTRS) has approved $204 million of commitments to Niam Nordic VIII, an opportunistic real estate fund managed by Niam, IREI has learned.
Niam's opportunistic fund series invests in all property types throughout the Nordic region. Niam's investor base includes some of the world's largest pension funds, sovereign wealth funds, foundations and other institutions, according to the firm’s website.
Niam Nordic VIII was launched in 2022 and has an equity fundraising target of €1.5 billion ($1.6 billion).
CalSTRS previously invested in Niam Nordic VI.
