Connecticut’s Investment Advisory Council (IAC) has committed $150 million to real estate as part of its January investment commitments, according to a statement from the organization.

Connecticut’s IAC committed up to $150 million to Mesirow Financial Real Estate Value Fund V. This fund is a value-added, closed-end fund that is focused on the multifamily and student housing sectors in the United States. It has a fundraising goal of $1.2 billion.

Connecticut’s IAC announced total commitments of $1.95 billion in its first meeting of the year. These commitments span infrastructure and natural resources, private real estate, private equity and private credit portfolios. During IAC’s meeting, recommended pacing plans for real estate and infrastructure/natural resources were also reviewed.

In separate news, Texas Permanent School Fund has committed $150 million to a core-plus, value-added fund managed by Iron Point Partners, IPI Partners III, according to IRE