The Pennsylvania Public School Employees’ Retirement System (PSERS) has committed $90 million to Graceada Partners Fund IV.
The closed-end, value-added fund has a maximum size of $400 million. It acquires value-added multifamily and small-bay/multitenant industrial properties in secondary and tertiary markets in the western United States.
PSERS, a public pension fund, had $75 billion in total assets under management, as of Dec. 31, 2024. As of then, it had an 8 percent real estate allocation target with $5.5 billion in total real estate assets.
