Investors - NOVEMBER 11, 2015

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Wisconsin commits $200m to real estate

by Zoë Wolff

The $89.7 billion State of Wisconsin Investment Board has committed $200 million to two real estate funds, according to Chris Preisler, communications specialist.

The pension fund committed $150 million to Beacon Capital Strategic Partners Fund VII, a value-added fund that invests in U.S. office properties. The fund also received a commitment from the $191.4 billion California State Teachers’ Retirement System earlier this year.

Additionally, SWIB committed $50 million to Security Capital Preferred Growth Fund. The fund invests in securities issued by U.S. public real estate companies in all tranches of the capital structure.

As of Sept. 30, the investment board had a 7 percent allocation to real estate, meeting its target allocation to the asset class.

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