The New Mexico State Investment Council (SIC) has committed $500 million to real estate funds.
Bell Partners Growth and Income Fund, a program of Bell Partners, has received $300 million for its closed-end, core-plus, value-added strategy. This fund invests in market-rated, conventional multifamily properties in the United States, with a fundraising goal of $1.5 billion. The New York State Common Retirement Fund committed $300 million to this fund in August.
ACORE Credit Partners III is a closed-end real estate fund which received $150 million and is focused on investing in transitional commercial real estate debt investments in the United States. A fundraising goal has not been determined. ACORE Credit Partners II, the fund’s predecessor, raised $1.4 billion in equity.
Lion Industrial Trust, a vehicle of Clarion Partners, received $50 million. This fund is an open-end, cor
