State of Wisconsin Investment Board, Madison, disclosed $477 million in real estate commitments, spokeswoman Vicki Hearing said in an email.
The board, which manages $128.9 billion in assets, including the $116.5 billion Wisconsin Retirement System, committed $150 million to U.S. Cities Industrial Fund, an open-end industrial real estate fund managed by Nuveen, $109 million to MetWest International Venture, a mixed-use real estate venture between SWIB and manager MetLife Investment Management, $100 million to BlackChamber Real Estate Opportunity Fund, a close-end opportunistic real estate fund managed by Black Chamber Partners.
The board also committed $67 million in co-investments to Penwood Select Industrial Partners V Club, an opportunistic real estate fund managed by Penwood Real Estate Investment Management, $26 million to Realterm Airport Logistics Properties, an open-end industrial real estate fund, and made a follow-on commitment of $25 million to High Street Real Estate Fund VI, a core-plus real estate fund managed by High Street Realty Co.
The board originally committed $75 million to High Street Real Estate Fund VI in 2019.
As of Feb. 29, the actual allocation to real estate was 7.3%; the target is 8%.