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Sign in Sign up for a FREE subscriptionMississippi PERS slates $75m for AG Realty Value Fund XI
The Mississippi Public Employees Retirement System (PERS) has approved a commitment of $75 million to AG Realty Value Fund XI, IREI has learned.
AG Realty Value Fund XI is a closed-end real estate debt investment vehicle managed by Angelo, Gordon & Co. The fund will invest in distressed and underperforming properties primarily in the United States, with 20 percent in Europe and Asia. Angelo Gordon is seeking to raise $3.75 billion for the value-add real estate fund, according to the IREI.Q database.
Other recent U.S. pension fund investors include the Vermont State Employees Retirement System, the Alabama Trust Fund, the Dallas-Fort Worth Airport Employees Pension Plan and the Montana Board of Investments.
Mississippi PERS could not be reached to comment on the investment at the time of publication.
