South Dakota Investment Council, Pierre, committed up to $150 million to Starwood Global Opportunity Fund XI, a real estate fund managed by Starwood Capital Group, recently released council meeting minutes said.
The council previously committed up to $150 million to Starwood Global Opportunity Fund X in 2014.
The South Dakota Investment Council oversees investment management of the $10.8 billion South Dakota Retirement System, $514 million Education Enhancement Trust Fund, $305 million Dakota Cement Trust Fund, $264 million School & Public Lands Fund and $138 million Health Care Trust Fund.
Tammy V. Otten, assistant investment officer, could not be immediately reached for further information.
