NMERB commits $40m to Lone Star fund
The $11 billion New Mexico Educational Retirement Board has committed $40 million to Lone Star Real Estate V, sponsored by Lone Star Funds, according to Bob Jacksha, CIO for the pension fund.
The opportunistic fund, which launched in December 2015, is seeking to raise $5 billion and will target real estate debt and equity investments in the Americas, Western Europe and Japan. Fund IV had its first and final close in April 2015 after raising $5.9 billion. The fund received commitments from the Teachers’ Retirement System of the State of Illinois, the