The State of Wisconsin Investment Board (SWIB) has committed $288 million total to four real estate funds: WESCO V, Berkshire Bridge Loan Investors III, 1547 Data Center Fund III and Bridge Logistics Value Fund II, according to meeting materials.
WESCO V, a program of Essex Property Trust, received $28 million. This fund will invest in multifamily assets in the United States. A fundraising goal has not been disclosed.
Berkshire Bridge Loan Investors III, a vehicle of Berkshire Residential Investments, received $100 million. The closed-end fund is focused on providing loans on U.S. multifamily assets. It has a fundraising goal of $3.5 billion. Its predecessor, Berkshire Bridge Loan Investors II, raised a total of $1.5 billion in equity, which was $470 million over its target amount. This commitment follows a previous investment by TRS Louisiana.
1547 Data