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Sign in Sign up for a FREE subscriptionMississippi pension fund invests $75m in Westbrook fund
The $28.9 billion Public Employees’ Retirement System of Mississippi has approved a $75 million commitment to Westbrook Real Estate Fund XI, managed by Westbrook Partners, according to the minutes from the pension fund’s February meeting.
The investment is part of its value-added real estate exposure.
Westbrook Real Estate Fund XI launched earlier this year and has a fundraising target of $2.95 billion. Other recent investors include Virginia Retirement System, which invested $125 million, and The Teachers’ Retirement System of the State of Illinois and the Teacher Retirement System of Texas, each of which committed $200 million.
