The Policemen’s Annuity and Benefit Fund of Chicago (PABF) has committed $20 million TA Realty Value-Add Fund XIV.
TA Realty Value-Add Duns XIV is a closed-end, value add vehicle that aims to raise $2 billion to invest in industrial, office, multifamily assets and grocery-anchored shopping centers in U.S. markets. The fund’s predecessor, TA Realty Value-Add Fund XIII, was oversubscribed with $1.8 billion in equity raised.
As a public pension fund, PABF had $3.6 billion in total assets under management, as of Sept. 30, 2025. As of then, the fund had a 7 percent real estate allocation target with $176.4 million in total real estate assets.
