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Sign in Sign up for a FREE subscriptionMerced County employees backs Taconic CRE Dislocation Fund III
The Merced County (Calif.) Employees’ Retirement Association (MCERA) has committed $8 million to Taconic CRE Dislocation Fund III, a value-add real estate fund managed by Taconic Capital Advisors.
The fund opened to investors in August with a $1 billion fundraising target.
Like others in the fund series, Taconic CRE Dislocation Fund III will invest in value-add debt investments throughout the United States. It is the largest of the firm’s three dislocation funds, with the first having targeted $350 million and the second $400 million.
MCERA could not be reached to comment on its investment activity at the time of publication.
