Illinois State Universities Retirement System (SURS) has set aside $50 million for Torchlight Debt Opportunity Fund VIII, a closed-end debt fund managed by Torchlight Investors.
The value-add Torchlight Debt Opportunity Fund VIII opened to investors in early April, and will focus on debt and CMBS in the multifamily, industrial, lodging, retail and office sectors of the United States.
A fundraising target was unknown at the time of publication; however, the previous fund in the series, Torchlight Debt Fund VII, closed in October 2021 with $2.04 billion in capital commitments. The fund was targeting equity commitments of $1.5 billion.
Illinois SURS is making the investment on behalf of its real assets portfolio.
For more information about this fund or others, visit the IREI.Q database.
