IREI’s FundTracker captured 14 real estate commitments in the past month. The largest was a joint venture comprising the Teacher Retirement System of Texas, Singapore sovereign wealth fund GIC and Tricon Capital. Texas TRS and GIC each allocated $250 million to the venture.
Recent commitments — Global
| Investor |
Sponsor |
Vehicle |
Strategy |
Structure |
Commitment ($m) |
| Arkansas Teacher Retirement System |
FPA Multifamily |
FPA Core Plus Fund IV |
Core-plus |
Closed-end |
$30 |
| GIC |
Tricon Capital Group |
Tricon Capital/Texas TRS/GIC JV |
— |
Joint venture |
$250 |
| Missouri Local Government Employees Retirement System |
Blue Vista Capital Management |
Blue Vista Real Estate Partners V |
Value-added |
Closed-end |
$105 |
| Missouri Local Government Employees Retirement System |
Portfolio Advisors |
Portfolio Advisors Real Estate Fund VII |
— |
Closed-end |
$60 |
| Pennsylvania Public School Employees' Retirement System |
Angelo, Gordon & Co. |
AG Realty Value Fund X |
Opportunistic |
Closed-end |
$150 |
| Pennsylvania Public School Employees' Retirement System |
LEM Capital |
LEM Multifamily Fund V |
Value-added |
Closed-end |
$100 |
| Tallahassee (Fla.) City Pension Plan |
TA Associates Realty |
Realty Associates Fund XII |
Value-added |
Closed-end |
$20 |
| Tallahassee (Fla.) City Pension Plan |
Angelo, Gordon & Co. |
AG Realty Value Fund X |
Opportunistic |
Closed-end |
$20 |
| Texas Permanent School Fund |
Angelo, Gordon & Co. |
AG Realty Value Fund X |
Opportunistic |
Closed-end |
$75 |
| Texas Permanent School Fund |
Harrison Street Real Estate Capital |
Harrison Street European Property Partners II |
Opportunistic |
Closed-end |
$60 |
| Texas Teacher Retirement System |
Tricon Capital Group |
Tricon Capital/Texas TRS/GIC JV |
— |
Joint venture |
$250 |
| Texas Teacher Retirement System |
Invesco Real Estate |
Invesco U.S. Value-Add Fund V |
Value-added |
Closed-end |
$150 |
| Wisconsin State Investment Board |
Heitman |
Heitman Debt Separate Account VII |
— |
Separate account |
$135 |
| Wisconsin State Investment Board |
Beacon Capital Partners |
Beacon Capital Strategic Partners 8 |
Value-added |
Closed-end |
$100 |
