The Nebraska State Investment Council has committed an additional $7.5 million to Landmark Partners' Landmark Real Estate Partners VII, according to documents from Nebraska’s August board meeting.
Nebraska previously committed $40 million to Fund VII from its defined benefit portfolio, but it decided to commit an additional $7.5 million from its endowment fund as part of its non-core real estate strategy for 2015, according to the documents.
Launched earlier this year with a $1 billion target, Fund VII has collected $670 million through August 11 after holding a first close on $560 million in April. Fund VII is Landmark’s largest real estate secondaries fund to date and also includes a separate co-investment vehicle for overflow deals and a separate $200 million co-investment account with the Ohio Public Employees Retirement System. Fund VII is expected to hold a final close in December.
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