The State of Wisconsin Investment Board is investing an additional $150 million in real estate debt through Heitman Debt Separate Account VII, IPE Real Assets reported, citing a board meeting report.
The pension fund has a longstanding relationship with the Heitman-managed investment vehicle that targets core U.S. real estate assets, having made seven previous commitments totaling $765 million to the fund.
According to the report, the investment board is also looking to pump $200 million into two apartment funds, $100 million each into a medical office building-focused fund and an opportunistic fund, $20 million into a value-added fund and $66 million into a co-investment debt deal for an office property.
Heitman declined a request for comment, the publication added.