The State of Wisconsin Investment Board committed a total of $270 million to two core real estate funds, according to Vicki Hearing, a spokesperson for the board. The board oversees $106.2 billion in investments, including $98 billion on behalf of the Wisconsin Retirement System.
The board committed $150 million to UBS Trumbull Property Fund and $120 million to J.P. Morgan Strategic Property Fund managed by J.P. Morgan Asset Management. Both are open-end, core real estate funds. SWIB previously committed $20 million to UBS Trumbull in 2012.
Additionally, the investment board committed $50 million to EnCap Energy Capital Fund X, an oil and gas fund managed by EnCap Investments.