Investors - AUGUST 25, 2015

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SWIB invests $121m in Lone Star fund

by Zoë Wolff

The State of Wisconsin Investment Board committed $121 million to Lone Star Funds’ Lone Star Real Estate Fund IV, according to recent meeting documents.

This is the eighth Lone Star fund SWIB has invested in, including $52.3 million to the fund’s predecessor Lone Star Real Estate Fund III, which held a final close in 2013 after raising $6.6 billion.

The $89.9 billion investment board has a 6.7 percent target allocation to real estate, which is currently fully met.

The fund, managed by Lone Star, was launched in January 2015 and invests in debt and distressed properties in the Americas, Western Europe and Japan. The fund held a final close in April of $5.9 billion.

The mega-fund has received investments from the $44.7 billion Teachers’ Retirement System of the State Illinois, the $8.5 b

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