CalSTRS commits $175m to TriGate
The $180.4 billion California State Teachers’ Retirement System has committed $175 million to TriGate Capital, according to a recently released fourth quarter 2015 transaction report. The pension fund committed $75 million to TriGate Property Partners III with an additional $200 million for co-investment.
TriGate Property Partners III will invest in office, industrial and retail properties in non-gateway U.S. markets. The opportunistic fund launched in August 2015 and is seeking to raise $350 million. The San Francisco Employees’ Retirement System recently invested in the fund.