The Texas Permanent School Fund has disclosed $330 million of institutional real estate and real estate debt commitments, IREI has learned.
The pension fund committed $80 million to NW1 Strategic Investment Partnership II; $75 million to Longpoint Realty Fund III; $75 million to Rockpoint Real Estate Fund VII; $50 million to Pennybacker VI; and $50 million to Berkshire Bridge Loan Investors III.
IREI understands the predecessor of NW1 Strategic Investment Partnership II was a core real estate fund managed by NW1 Partners and Blackstone. An investment strategy for NW1 Strategic Investment Partnership II could not be determined at the time of publication.
In addition, Longpoint Realty Fund III, a value-added real estate fund managed by Longpoint Realty Partners, will invest in infill industrial and neighborhood shopping centers in desirable, densely populated U.S. markets.
Rockpoint Real Estate Fund VII, a vehicle managed by Rockpoint, is focused on single-
