South Dakota Investment Council, Pierre, committed up to $125 million to Rockpoint Real Estate Fund V managed by Rockpoint Group for the $10.6 billion South Dakota Retirement System, recently released council meeting minutes said.
The council also approved committing a “proportionate amount” to the Rockpoint fund from the $503 million Education Enhancement Trust Fund, $302 million Dakota Cement Trust Fund, $257 million School & Public Lands Fund and $136 million Health Care Trust Fund. The amounts could not be immediately learned.
The council previously committed $75 million to Rockpoint Real Estate Fund IV in November 2012.
The council also approved a $15 million co-investment in TMI Hospitality through Starwood Global Opportunity Fund X, a real estate fund managed by Starwood Capital Group.
Tammy Otten, assistant investment officer, did not immediately reply to a request for further information.