The New Mexico Educational Retirement Board (NMERB) has committed $50 million to Kildare European Partners III, a closed-end opportunistic real estate fund managed by Kildare Partners.
NMERB could not be reached to comment on its investment activity.
Kildare European Partners III opened to investors in March and had raised more than $150 million against its target of $2 billion, according to an SEC Form D dated March 17.
Kildare Partners targets investments in commercial real estate related opportunities in Europe and the United States, according to the firm’s website. Kildare’s previous two funds represent $4 billion of aggregate capital commitments from global institutional investors including public pension funds, sovereign wealth funds, university endowments, foundations, funds of funds and high-net-worth individuals.
To date, Kildare has closed on 22 investments at an aggregate purch
