San Francisco ERS to back industrial fund with $75m commitment
Investors - JANUARY 8, 2020

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

Sign in Sign up for a FREE subscription

San Francisco ERS to back industrial fund with $75m commitment

by Kali Persall

San Francisco Employees’ Retirement System (ERS) has disclosed a $75 million commitment to Cabot Industrial Value Fund VI, managed by Cabot Properties, for its real assets portfolio.

The investment was a new commitment, a spokesperson for the pension fund told IREI in an email.

Launched in July 2019, the value-add real estate fund invests in industrial assets and portfolios in North America and the United Kingdom. It is targeting $800 million in capital commitments.

Investors in the fund include the State Universities Retirement System of Illinois, the Teachers’ Retirement System of Louisiana and the Pennsylvania Public School Employees’ Retirement System, which committed $50 million, $75 million and $100 million, respectively.

San Francisco ERS has a 15.6 percent allocation to real estate, with a target of 17 percent to the asset class.

Forgot your username or password?