The $117 billion State of Wisconsin Investment Board has committed a total of $335 million to three real estate funds, according to board meeting documents.
The first commitment was $100 million to FPA Core Plus Fund IV. The fund held a $703.25 million final close in June. It invests in multifamily properties in top-tier demographic neighborhoods in and around major metropolitan areas in the United States. FPA Multifamily manages the fund.
The second commitment was $100 million to Beacon Capital Strategic Partners 8, a fund managed by Beacon Capital Partners. The fund follows a value-added investment approach. Beacon Capital typically focuses its investing in office properties throughout Boston, New York, Washington, D.C., Chicago, Denver, Los Angeles, San Francisco, Seattle, and Portland, Ore. The previous fund in the Beacon Capital series, Beacon Capital Strategic Partners VII, raised $1.082 billion.
The third and last commitment was $135 million to CREDIT SA Holding.
SWIB has a target allocation to real estate of 8 percent and an actual allocation of 6.6 percent.
