Meghan Morris
The $4.5bn endowment tapped the CIO of Michael Bloomberg’s family office for the role.
The investment managers are now more than halfway toward reaching the target for the European vehicle.
About 80% of the firm’s previous investors re-upped.
LACERS committed $20m to the value-added, retail-focused vehicle from Asana Partners.
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The $128.5bn pension fund will be the lead investor in Square Mile’s latest distressed real estate fund.
The Dallas-based firm finished fundraising in five months, a similar timeline to fundraising for its predecessor vehicle.
The New York-based firm beat its target for its latest commercial real estate debt fund, which is twice as large as its predecessor vehicle.
Lone Star's fifth real estate fund is gathering $5.5bn and targeting commercial real estate debt and equity investments in the Americas, Western Europe and Japan.
The New York real estate firm exceeded its original target for the fund after just over a year in market.
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In addition to investing in the Blackstone real estate debt strategy, the Illinois pension made about $185 million worth of commitments to other real estate equity funds.