The Orange County Employees Retirement System (OCERS) has committed $75 million to Blue Owl Real Estate Fund VII.
Blue Owl Real Estate Fund VII, a closed-end, value-added fund, focuses on investing in industrial assets, with a smaller portion allocated to office and retail properties. The strategy buys assets that are on a long-term lease of 15 years, with a minimum requirement of 11 years at the time of purchase. The Virginia Retirement System committed $200 million to this fund earlier in 2026.
The fund’s predecessor, Blue Owl Real Estate Fund VI, closed with nearly $5.1 billion in equity in 2024.
According to Ask IRE.IQ, which synthesizes Institutional Real Estate, Inc.’s database of investment programs and organizations with more than 30 years of published coverage, Blue Owl Real Estate Fund VII is currently t
