Berkshire Group closes latest real estate fund at $1 9 billion
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Berkshire Residential Investments Announced Berkshire Multifamily Debt Fund III Closed in Q3 2021
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New Mexico allocates $105 million to 3 alts funds
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New Mexico State Investment Council, Santa Fe, committed up to $105 million to three alternative investment funds, spokesman Charles Wollmann said in an email.
On Tuesday, the council committed up to $60 million to Berkshire Multifamily Debt Fund III and $40 million to Berkshire Bridge Loan Investors II, both managed by
Berkshire Residential Investments.
Berkshire Multifamily Debt III would invest 85% or more of its capital in Freddie Mac s K-Program, which was created after the global financial crisis to securitize multifamily loans traditionally held on Freddie Mac s balance sheet, according to a staff memo of the council s meeting.
MassPRIM sets $450 million for 3 alts funds
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Massachusetts Pension Reserves Investment Management Board, Boston, agreed to commit a total of $450 million to three alternatives funds, confirmed Elizabeth Herlihy, spokeswoman for the $86.9 billion pension fund.
At its meeting Wednesday, the board agreed to commit up to $200 million to Thomas H. Lee Equity Fund IX, a private equity and credit fund managed by
Thomas H. Lee Partners that focuses on business and finance, health care, and media and information services. MassPRIM has invested in seven previous Thomas H. Lee funds.
The board also agreed to commit up to $150 million to Berkshire Multifamily Debt Fund III, a real estate debt fund managed by