The State Universities Retirement System of Illinois (SURS) has approved a commitment of up to $40 million to Brasa Real Estate Fund II, according to a recent investment document.
Brasa Real Estate Fund II, managed by Los Angeles–based Brasa Capital Management, opened to investors in March 2021. As of February 2022, the vehicle had secured $260 million from 57 investors, according to an SEC filing.
A fundraising target was not disclosed; however, Brasa’s first fund in the series held its final close with $120 million in capital commitments, against a $100 million fundraising target, in 2019.
Brasa Capital
