Key Takeaways
- • The State of Wisconsin Investment Board (SWIB), a $104bn US public pension, acquired interests in eight real estate funds in a $231m secondaries portfolio transaction, according to PEI's Secondaries Investor.
- • SWIB invested a total of $608m in real estate between 8 June and 1 September, with $231m of that going to the secondaries purchase.
- • The pension had previously been an active seller on the secondaries market, making this a shift toward buying.
- • The report is dated 16 October 2017, and the full article is behind a subscription paywall.
Summary
Madison, Wisconsin-based SWIB, a $104bn US pension fund, has acquired interests in eight real estate funds in a transaction valued at $231 million, according to Secondaries Investor, the secondaries publication of Private Equity International (PEI). The article, written by Meghan Morris and dated 16 October 2017, notes that the pension had previously been an active seller on the secondaries market, so the purchase marks a change in its role.
According to the publisher's summary, SWIB invested a total of $608 million in real estate between 8 June and 1 September 2017. Of that total, $231 million went toward purchasing the fund interests. The publisher's excerpt does not provide further detail on the individual funds, the sellers, or pricing.
The full article is available only to registered subscribers, so this summary relies on the headline, standfirst, and publisher excerpt.
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According to the publisher's summary, SWIB invested a total of $608 million in real estate between 8 June and 1 September 2017. Of that total, $231 million went toward purchasing the fund interests. The publisher's excerpt does not provide further detail on the individual funds, the sellers, or pricing.
The full article is available only to registered subscribers, so this summary relies on the headline, standfirst, and publisher excerpt.
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