Firemen鈥檚 Annuity & Benefit Fund of Chicago has awarded $55m (鈧�49.2m) across three real estate funds to conclude its value-add manager search, according to a board meeting document.
The commitments comprise $35m to Crow Holdings Realty Partners XI, a value-add vehicle targeting $3.25bn to invest primarily in US industrial, multifamily and manufactured housing assets.
The pension fund allocated the remaining $20m equally, committing $10m each to Belay Real Estate Ventures Fund IV and Arc Capital Partners Fund II.
Belay Investment has raised $340m for its fourth fund through the end of September 2026, according to a recent SEC filing. The fund has a $750m fundraising target.
Arc Capital Partners Fund II is seeking $450m to assemble a diversified US portfolio focused on attainable housing, necessity retail and industrial assets.
To read the latest 麻豆映画 Real Assets magazine click here.
