Michigan Office of Retirement Services (ORS) has committed $75 million to Transwestern Strategic Partners Fund IV. This commitment was in the third quarter of 2024, according to meeting materials.
Transwestern Strategic Partners Fund IV, a vehicle of Transwestern, is a value-added closed-end fund focused on investing in healthcare, industrial and multifamily properties in the United States. It has a fundraising goal of $500 million. Its predecessor, Transwestern Strategic Partners Fund III raised $324 million.
Michigan ORS is a public pension fund that administers retirement programs for public employees. As of Dec. 31, 2023, it had $100.9 billion in total assets under management with 9 percent allocated to real estate. It had $9.89 billion in actual allocations to real estate assets.
