Updated with correction.
Holyoke (Mass.) Contributory Retirement System committed a total of $14 million to three real estate funds from emerging managers, confirmed Raymond Depelteau, chief investment officer.
The $180 million pension fund committed $6 million each to Long Wharf Real Estate Partners IV and TerraCap Partners II, managed by TerraCap Management, and $2 million to IC Berkeley Partners III, managed by Industry Capital.
The pension fund issued an RFP in February. The commitments are first-time allocations to be funded from rebalancing. No managers will be terminated.