SEPTEMBER 29, 2016

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SWIB invests $150m in U.S. retail fund

by Andrea Waitrovich

The $87.5 billion State of Wisconsin Investment Board plans invest $150 million in T-C U.S. Super Regional Mall Fund, a U.S. shopping center fund managed by TH Real Estate, according to a board meeting document.

The closed-end fund focuses on investments in U.S. regional malls and other retail properties.

Recently, T-C U.S. Super Regional Mall Fund closed with $1.25 billion in equity commitments.

The U.S. SRM Fund has capital commitments from several domestic and foreign institutional investors as well as TIAA’s General Account. With leverage, the equity commitments will allow the fund to target a portfolio of approximately $2.5 billion.

In addition, SWIB previously invested $280 million into two real estate funds in August 2016. The first commitment was an allocation of $150 million to Blue Vista

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