Publications

Cook County Pension Fund commits $30m to real estate debt fund
Investors - JANUARY 23, 2025

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

Cook County Pension Fund commits $30m to real estate debt fund

by Elise Mackanych

Cook County (Ill.) Pension Fund has committed $30 million to BIG Real Estate Fund III, a vehicle of Basis Investment Group. This commitment was made on Dec. 5, 2024, according to meeting materials.

BIG Real Estate Fund III is a closed-end fund that will invest in diversified commercial real estate debt investments throughout the United States. A fundraising goal has not been determined. The first fund in this series raised $410 million in equity, which was $90 million under its goal.

As of Sept. 30, 2024, Cook County Pension Fund had $13.9 billion in total assets, with an 8.2 percent allocation target to real estate assets. As of Sept. 30, it had $931 million in total real estate assets.

Forgot your username or password?