The Chicago Public School Teachers' Pension & Retirement Fund (CTPF) has approved a $35 million commitment to Longpoint Realty Fund III, a value-added real estate fund managed by Longpoint Realty Partners, IREI has learned
Fund III supports Longpoint’s ongoing strategy to invest in infill industrial and neighborhood shopping centers located in desirable, densely populated U.S. markets. The vehicle launched at the first of June with an unknown fundraising target.
The vehicle’s predecessor, Fund II, closed in November 2021 and was oversubscribed with some $669 million of commitments, surpassing its original hard cap of $600 million and initial target of $450 million. Longpoint’s debut fund closed with $280 million of commitments.
CTPF could not be reached to comment on its investment activity at the time of publication.
