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Sign in Sign up for a FREE subscriptionOak Street Real Estate Capital VI captures $250m investment from Virginia pension fund
Oak Street Real Estate Capital VI, a value-add fund managed by Oak Street Real Estate Capital, a division of Blue Owl, has added another U.S. pension fund to its growing investor lineup.
The $100.3 billion Virginia Retirement System (VRS) recently disclosed that it made a $250 million commitment to the vehicle at the end of March. In October 2022, the Pennsylvania State Employees’ Retirement System (Penn SERS) also approved a $75 million follow-on investment to Oak Street Real Estate Capital Fund VI.
Oak Street Real Estate Capital VI focuses on single-tenant, triple-net lease assets throughout the United States. It opened to investors in June and has a fundraising target of $4 billion, according to the IREI.Q database. VRS committed to the fund via its credit strategies program.