Illinois Teachers commits more than $250m to Rockpoint, Tristan funds

The $66 billion Teachers' Retirement System (TRS) of the State of Illinois has backed two opportunistic real estate funds.

The pension fund committed $150 million to Rockpoint Real Estate Fund VII and €100 million ($109 million) to the Tristan European Property Investors Special Opportunities 6 fund.

Rockpoint Real Estate Fund VII, a vehicle managed by Rockpoint, opened to investors in December 2021. The fund is focused on single-family rental, multifamily, and industrial, and will target other sectors/property types that Rockpoint believes will generate compelling risk-adjusted returns in the current market environment.

European Property Investors Special Opportunities 6, managed by Tristan Capital Partners, is the largest fund in the firm’s flagship value-add/opportunistic series. The fund has a target equity raise of €2.5 billion ($2.7 billion). It will invest in Western and Central European real estate markets across the office, logistics, retail and r