T
he State of Wisconsin Investment Board (SWIB) has made significant real estate fund investments worth $321m. The pension fund's board meeting revealed that SWIB invested $150m into Lone Star Real Estate Fund VII, and approved $50m each for FPA Core Plus Fund VI US apartments, Heitman Real Estate Debt Partners III, and the RLIF Co-Investment Fund II core US industrial fund.

    SWIB also committed $21m to Airport Logistics Properties, a core open-ended North America industrial fund. This follows recent news that Lone Star Funds raised $2.7bn for its latest global opportunistic and value-add commercial real estate fund, while FPA Multifamily seeks to raise $1bn for its core-plus US multifamily fund.

    SWIB's commitment of $50m to Heitman Real Estate Debt Partners III is the second investment in this fund, following an initial $100m commitment made earlier this year. The fund targets a $1bn fundraise to invest in various debt structures.

    The board meeting also revealed that SWIB is considering three non-core real estate investments worth $200m in total, including a US industrial fund and two domestic debt funds.