The Board of Trustees of the Pennsylvania Public School Employees’ Retirement System has approved a $150 million to WCP NewCold III, L.P., private real estate fund, managed by Westport Capital Partners.
WCP NewCold III, LP is a pureplay specialist in cold storage facilities. The Fund is raising follow-on capital to recapitalize and grow the NewCold operating platform, a leading global owner and operator of modern, temperature-controlled cold storage facilities in Europe, Australia and North America. The Firm owns 14 operating facilities and has a development pipeline of 31 additional buildings. If all opportunities in the pipeline are completed, the real estate will be located approximately 50 percent in North America and 50 percent across Europe and Australia.
The NewCold strategy aims to develop, own, and ope
