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Sign in Sign up for a FREE subscriptionMinnesota commits $100m to Rockpoint fund
The Minnesota State Board of Investment has committed $100 million to Rockpoint Real Estate Fund VI, according to its board of investment’s quarterly update notes.
The value-added/opportunistic fund is managed by Rockpoint Group, a real estate private equity firm headquartered in Boston. The fund targets hospitality, office and multifamily properties in major coastal markets in the United States, but will also invest globally. The fund has also received equity commitments from the Texas County & District Retirement System and the San Antonio Fire & Police Pension System.
The predecessor in the fund series, Rockpoint Real Estate Fund V, held a $3.3 billion final close in 2016, exceeding its $2.5 billion equity fundraising target.
