Ventura County Employees approves $40m commitment to Torchlight Debt Fund VIII

Ventura County (Calif.) Employees’ Retirement Association has slated $40 million for Torchlight Debt Fund VIII, a debt fund launched by Torchlight Investors.

The closed-end, value-add fund, which opened to investors in early April, will focus on debt and CMBS investments in the multifamily, industrial, lodging, retail and office sectors of the United States.

A fundraising target was unknown at the time of publication. However, the previous fund in the series, Torchlight Debt Fund VII, closed in October 2021 with $2.04 billion in capital commitments. The fund was targeting equity commitments of $1.5 billion.

For more information about this commitment or others, visit the IREI.Q database.