Investors - MAY 4, 2015

To read this full article you need to be subscribed to Newsline.

Sign in Sign up for a FREE subscription

PSERS commits $75m to multifamily fund

by Zoe Wolff

The Pennsylvania Public School Employees’ Retirement System has committed up to $75 million to LEM Multifamily Senior Equity Fund IV, according to meeting documents provided by a spokesperson for the pension fund.

The fund is managed by LEM Capital and is looking to raise $300 million. It will invest exclusively in class B multifamily properties in first- and second-tier markets in the United States.

The $52.7 billion pension fund approved the commitment at its April 30 meeting. Previous commitments have been made by PSERS to LEM Multifamily Senior Equity Funds II and III.


Forgot your username or password?