The New York State Common Retirement Fund (NYSCRF) has disclosed several commitments to real estate funds in a recent investment report.
The pension fund committed $500 million to PRISA, an open-end, commingled fund that invests primarily in core real estate assets in the United States. PRISA is sponsored by PGIM Real Estate. The investment closed on Oct. 1.
In addition, NYSCRF invested €100 million ($121 million) in NREP NSFIV CIV IV SCSP, a coinvestment partnership to be invested alongside NREP Nordic Strategies Fund IV at NYSCRF’s discretion. Both investments are managed by NREP AB, a partner-owned pan-Nordic real estate investment manager.
NREP Nordic Strategies Fund IV is a closed-end diversified opportunistic fund focused on investing in commercial and residential real estate in the Nordic Region. NREP represents a new relationship for NYSCRF.
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