The State of Wisconsin Investment Board (SWIB) has invested $535 million in four real estate funds since March, according to minutes from the pension fund’s June 23 investment board meeting.
The investments include $200 million to Wilson HCF Wisconsin Co-Invest Holdings II, a core real estate fund managed by Heitman, $135 million in Carson SWIB Industrial II, a value-added real estate fund managed by Carson Cos., and $100 million each in FPA Core Plus Fund V, a core real estate fund managed by FPA Multifamily, and Torchlight Debt Opportunity Fund VII, an opportunistic fund managed by Torchlight Investors.
SWIB invests in commercial real estate both as a sole direct owner or in joint ventures and partnerships with outside managers that are diversified by location and property types. The board also invests in REITs.
SWIB has been actively investing in real estate throughout the year. The new commitments follow $268 million investments that were disclosed in
