New York State Common Retirement Fund (NYSCRF) has approved a $500m (鈧�411.7m) commitment to 鈥檚 flagship open-ended core property fund PRISA.
NYSCRF, which is investing in PRISA for the first time, told 91传媒在线 that the investment gives the pension fund access to a portfolio 鈥渢hat is comprised of high quality, well-leased assets that are expected to provide stable income and exposure to traditional property types as well as niche property types like self-storage鈥�.
The $194.3bn pension fund鈥檚 other core to core plus open-ended funds are the Prologis Targeted US Logistics Fund, the Premier Property Fund and the JP Morgan Strategic Property Fund.
NYSCRF said it has also put 鈧�100m as a co-investment in a partnership with NREP to invest alongside NREP Nordic Strategies Fund IV, the value-add Nordics real estate fund which the pension fund previously approved a 鈧�200m commitment into.
NYSCRF has also made a $15m commitment into the Scarlet Fire partnership, a real estate debt investment joint venture with newly appointed emerging manager Corten Real Estate Partners.
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