Investors - FEBRUARY 22, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Massachusetts pension fund commits $14m to real estate

by Zoë Wolff

The $195 million Westfield (Mass.) Contributory Retirement System has committed $14 million to two value-added real estate funds, according to Raymond Depelteau, CIO for the pension fund.

The pension fund committed $8 million to TerraCap Partners III, managed by TerraCap Management. The Westfield Contributory Retirement System previously committed $5 million to the fund’s predecessor, TerraCap Partners II, in 2013. Fund II held a final close of $102 million in 2013; the opportunistic fund focuses on office, retail, industrial, hospitality and land assets in the southeastern United States, specifically Florida.

Westfield also committed $6 million to Long Wharf Real Estate Partners V. The fund targets all property types across the United States. Other recent investors in the fund include the

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy