The Pennsylvania State Employees’ Retirement System (SERS) has committed up to $100 million to Blue Owl Real Estate Fund VII, according to recent board news.
Blue Owl Real Estate Fund VII is a closed-end, value added fund targeting a raise of $6.5 billion to invest in industrial assets, office and retail properties. The fund will buy assets that are on a long-term lease of 15 years, with a minimum requirement of 11 years at the time of purchase. The Oregon State Treasury has also committed $100 million to this fund in recent months. Blue Owl Real Estate Fund VI, its predecessor, raised nearly $5.2 billion in total capital.
In related news, during the 12 months ending June 30, the SERS fund earned 10.96 percent for pension plan benefits. In second quarter 2025, the pension fund earned 1.86 percent in returns, and 1.89 percent in the calendar year to date as of June 30, 2025.
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