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Sign in Sign up for a FREE subscriptionNYSCRF commits $200m to European debt fund
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 20
