The San Francisco City & County Employees' Retirement System (SFERS) has committed $25 million to the Cabot Industrial Value Fund VI, the sixth value-add vehicle managed by Cabot Properties.
Cabot Industrial Value Fund VI will invest primarily in interests in real estate properties, but it also may invest up to 5 percent in mezzanine debt or publicly traded securities, according to a document from the Pennsylvania Public School Employees’ Retirement System, which also backed the vehicle.
The fund strategy will focus on the accretive acquisition, development, redevelopment, operating, leasing and selling of industrial properties.
It opened to investors in 2019 with an $800 million fundraising target and will invest in industrial assets and portfolios in North America and the United Kingdom.
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