Nebraska commits $40m to real estate fund
The Nebraska Investment Council has committed $40 million to Torchlight Debt Opportunity Fund V, a real estate debt fund managed by Torchlight Investors, during its March 26 board meeting.
Torchlight Debt Opportunity Fund V is targeting $1 billion in equity commitments. DOF V’s investment objective is to achieve capital appreciation and current income by investment in diversified portfolio of commercial real estate–related investments. DOF V will invest in commercial real estate debt, including commercial real estate loans, CMBS, CMBS interest-only strips and CDOs.
A recent investor in the debt fund is the $34.9 billion Illinois Municipal Retirement Fund, which committed $35 million to the fund.
The council, which manages $22 billion in total assets, has approximately $934 million in