Investors - MARCH 13, 2018

PSERS commits $100m to industrial fund

by Jody Barhanovich

The $50.3 billion Pennsylvania Public School Employees’ Retirement System has committed $100 million to Cabot Industrial Core Fund II.

Cabot Industrial Core Fund II is managed by Cabot Properties, which seeks to provide superior risk-adjusted real estate returns by investing in core industrial properties located in the United States. The fund strategy will focus on accretive acquisitions of stabilized class A distribution buildings in 12 core industrial markets in the United States.

The commitment will be allocated to the core real estate portion of PSERS’ real assets portfolio, which had a total exposure of 22.7 percent, as of Sept. 30, 2017.

PSERS committed $100 million to the fund’s predecessor in 2016 as well.

In addition, PSERS recently committed $150 million to Almanac Realty Securities VIII, a value-added real estate vehicle that will make growth capital investments into real estate operating companies, often in a structured or debt format, primarily in the United States.

PSERS has a target allocation to real estate of 10 percent.

Forgot your username or password?

We use cookies and other tracking technologies to personalize your user experience on our site and perform site analytics. By clicking on “I accept”, you consent to our Privacy Policy.