Maine PERS commits $100 million to Mesa West open-end fund
The $11.4 billion Maine Public Employees’ Retirement System has committed $100 million to Mesa West Core Lending Fund, an open-end fund managed by Mesa West Capital.
Mesa West Capital declined to comment on fundraising activities.
The fund launched in October 2011 and began actively marketing in summer 2012. Once the vehicle raises approximately $500 million, the firm will hold a first close, which may occur soon. The fund has started to deploy its capital and expects to have the first closing of a property transaction in the next 30 days. The firm aims to invest all of the raised capital before beginning the next fundraising period.
Mesa West Core Lending Fund invests with core and core-plus strategies in debt investments secured by multifamily, office, industrial, hotel and retail properties in the United States.