The Public Employees’ Retirement System of Mississippi (PERS) has committed $75 million to TA Realty Value-Add Fund XIV, according to meeting materials.
The fund, a vehicle of TA Realty, aims to raise $2 billion for its closed-end, value-add strategy that invests in industrial, office and multifamily assets, as well as grocery-anchored shopping centers in the United States. TA Realty Value-Add Fund XIII, its predecessor, was oversubscribed with $1.8 billion in total equity raised.
Mississippi PERS, a public pension fund, had $33.6 billion in total assets under management, as of March 31, 2024. As of then, it had a 10 percent real estate allocation target with $2.9 billion in total real estate assets.
