Publications

Investors - DECEMBER 6, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

NYSCRF commits $200m to European debt fund

by Jody Barhanovich

The $197.88 billion New York State Common Retirement Fund has committed $200 million to Pramerica Real Estate Capital VI, managed by PGIM Real Estate, according to an October transactions report.

Pramerica Real Estate Capital VI is a closed-end, value-added fund that invests in mezzanine debt secured by office, healthcare, hotel, industrial, multifamily and retail properties in major Western European markets, with a specific focus on the United Kingdom and Germany. Investments will be made to finance acquisitions, refinance existing debt or in single-loan acquisitions.

The firm had raised £300 million ($381.58 million) for Pramerica Real Estate Capital VI as of June, and hopes to raise £1 billion ($1.26 billion) in equity commitments.

NYSCRF has invested in numerous real estate funds during 201

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy