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Sign in Sign up for a FREE subscriptionSan Diego commits $25 million to Torchlight Debt Fund VIII
The $1.23 billion San Diego City Employees’ Retirement System (SDCERS) has committed $25 million to Torchlight Debt Fund VIII.
Managed by New York–based Torchlight Investors, with a fundraising target of $2 billion, Torchlight Debt Fund VIII will invest in a diversified portfolio of public and private commercial real estate debt investments in the United States. The fund seeks to allocate 60 percent of its investments in private originations and acquisitions and 40 percent of its investments in public securities.
SDCERS is a previous investor in Torchlight Investors’ Debt Fund series, having committed a total of $90 million in Fund IV, V and VI, according to data from IREI.Q, Institutional Real Estate, Inc.’s proprietary market intelligence research tool.
The predecessor fund, Torchlight Debt Fund VII, closed in October 2021 with $2.04 billion in
