Two pension funds commit to Crow Holdings
The $16.8 billion Teachers’ Retirement System of Louisiana and the $29.6 billion Connecticut Retirement Plan and Trust Funds are investing in Crow Holdings Realty Fund VII, according to board meeting documents.
Connecticut is considering a $100 million commitment to the value-added real estate fund, while Louisiana has approved a $50 million commitment.
Crow Holdings Realty Fund VII, managed by Crow Holding Capital Partners, is seeking up to $1.5 billion in equity commitments and has raised more than $600 million as of the end of May. The fund targets multifamily, retail and industrial properties.
The fund has also received commitments from the Houston Municipal Employees’ Pension System, the State University Retir