SWIB approves $275m in commitments

The US public pension has backed three North American private real estate funds.

Institution: State of Wisconsin Investment Board
Headquarters: Madison, United States
AUM: $118.53bn
Allocation to alternatives: 18.0%
Bitesize: $100-200m

State of Wisconsin Investment Board (SWIB) has committed $100 million to Realterm Logistics Income Fund, $75 million to High Street Real Estate Fund VI and $100 million to Prudential Senior Housing Partners VI, according to their June meeting minutes report.

The $118.53 billion US public pension has an 8.0 percent target allocation to private real estate that currently stands at 7.0 percent.

As illustrated in the charts below, SWIB has made four commitments to private real estate funds with a 2018 vintage, which combined constitute $575 million.

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