IREI has learned that the Metropolitan Government of Nashville and Davidson County (Tenn.) Employee Benefit Trust Fund has committed up to $20 million to Stonelake Opportunity Partners VI on behalf of its real assets portfolio.
The pension fund could not be reached for comment at the time of publication.
Launched in February, Stonelake Opportunity Partners VI is an opportunistic real estate fund managed by Stonelake Capital Partners. Like previous funds in the fund series, Fund VI will target primarily multifamily and industrial properties, as well as some retail, office and debt investments. Stonelake invests solely in Texas, with a focus on Austin, Dallas and Houston.
An equity fundraising target for Fund VI was not disclosed at the time of the filing.
The pension fund previously committed $27 million to the fund’s predecessor, Stonelake Opport
