The Oklahoma Firefighters Pension & Retirement System has made a follow-on commitment of $50 million to the Mesirow Financial Real Estate Value Fund IV, a value-added fund managed by Mesirow Financial.
The fund’s strategy primarily focuses on the U.S. multifamily sector and has a secondary focus on the student housing sector.
IREI understands that Oklahoma previously invested in the Mesirow Financial Real Estate Value Fund II in 2014. Fund II completed its final close in June 2015 with $542.45 million in capital commitments. In 2018, Mesirow Financial closed the third fund in the series, Mesirow Financial Real Estate Value Fund III, at $567 million.
As of April, the latest vehicle, Fund IV, had raised $243.2 million against its $1 billion fundraising target.
Oklahoma Firefighters could
