DivcoWest is seeking to raise $2 billion in capital for its newest real estate fund, according to several media sources.
The firm could not comment on its fundraising efforts at the time of publication.
The fund was launched in September, according to a Form D filed with the SEC.
The Massachusetts Pension Reserves Investment Management Board (Mass PRIM) reportedly approved a $200 million commitment to the fund earlier this week. The Teacher Retirement System of Texas also has invested $100 million in DivcoWest Fund VI. Mass PRIM was not available to comment on the investment.
According to news sources in the San Francisco Bay Area, the fund will target local assets.
