Heitman has closed three of its private funds, raising about $3.15 billion in capital commitments among them.
The real estate money manager said Tuesday that it raised roughly $1.9 billion for Heitman Value Partners V, a North American closed-end value-added real estate fund, exceeding its hard cap. It also received $750 million in capital commitments for Heitman Global Real Estate Partners II, a global core-plus fund; and $500 million for Heitman Real Estate Debt Partners II, a North American high-yield debt fund.
Investors in Heitman Value Partners V include the $33.7 billion Mississippi Public Employees' Retirement System, Jackson; the $21.1 billion Kansas Public Employees Retirement System, Topeka; the $12.8 billion Chicago Public School Teachers' Pension & Retirement Fund; and the $1.7 billion Memphis (Tenn.) Light, Gas & Water Division.
The Madison-based State of Wisconsin Investment Board, which manages $143.9 billion in assets, including the $120.2 billion Wisconsin Retirement System, is among investors in Heitman Real Estate Debt Partners II.
A spokeswoman for Heitman could not be immediately reached for additional information.
