The $8 billion San Diego City Employees’ Retirement System (SDCERS) has committed $20 million to Senior Housing Partnership Fund VI, managed by PGIM Real Estate.
The value-added, closed-end real estate fund focuses on private-pay independent living and assisted-living facilities within the senior housing industry in the United States and Canada.
As of March, six investors had committed capital to the fund, according to an SEC Form D filing. It has raised $256 million to date.
SDCERS’ real estate portfolio had an NAV of $830.3 million, as of September 2018.
