The Virginia Retirement System has committed $150 million to Silver Creek Cambio Manufactured Housing Fund, effective June 30, according to meeting materials.
This fund, a vehicle of Silver Creek Advisory Partners, is a closed-end, value-added fund, investing in under-managed, low-occupancy manufactured housing communities in the United States, with a fundraising goal of $500 million.
As of September 2024, the fund had a real estate allocation of 15 percent, with total real estate assets totaling $14.2 million, as of June 2024.
