The Teachers’ Retirement System of the State of Illinois (TRS IL) has committed $85 million to real estate funds, including vehicles managed by Arc Capital Partners, Kayne Anderson and Caro Investors.
Arc Capital Partners Fund II received $25 million for its closed-end strategy investing in attainable housing, necessity retail and last-mile logistics, specifically focused on value-add opportunities in the Sunbelt region of the United States. The fund aims to raise $450 million in equity. The New York State Common Retirement Fund (NYCRF) committed $15 million to this fund in 2025.
Kayne Anderson Real Estate Partners VII received $25 million for its closed-end, value added strategy which invests in senior housing, medical office and student housing in the United States. The fund held a final close of $5.1 billion, surpassing its initial target of $3 bil
