South Dakota Investment Council, Pierre, committed up to $150 million to Starwood Distressed Opportunity Fund XII, confirmed Tammy Otten, assistant investment officer, in an email.
The commitment to the opportunistic real estate fund managed by Starwood Capital Group was approved at the council's Nov. 19 meeting.
The council has previously committed to other Starwood funds.
Of the $150 million commitment limit, up to $134.4 million was made on behalf of the $12.3 billion South Dakota Retirement System. Also, up to $6.9 million comes from the $631 million Education Enhancement Trust Fund, up to $3.5 million from the $334 million Dakota Cement Trust Fund, up to $3.7 million from the $328 million School & Public Lands Fund and up to $1.5 million from the $151 million Healthcare Trust Fund.