The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has committed $100 million to BGO U.S. Value-Add Lending Fund II as a follow-on investment, according to meeting materials.
BGO U.S. Value-Add Lending Fund II, a vehicle of BGO, is a closed-end, value-added fund that invests in real estate debt in the United States. A fundraising goal has not been determined. Its predecessor, BGO U.S. VA Lending Fund I, raised $361 million in equity.
As a public pension fund, MassPRIM had $110.5 billion in total assets under management, as of Sept. 30, 2024. As of then, it had $11.7 billion in total real estate assets with a 13 percent real estate allocation target.
For more information about this fund and others, visit the IRE.IQ database.
