The transaction adds 12 self-storage facilities, bringing the combined trust's portfolio to 37 properties across ten US states and three Canadian provinces.
The new evergreen strategy will invest across core-plus funds, direct deals, and co-investments, initially targeting European private wealth investors.
The firm reported a 14% QoQ increase in private wealth inflows, supported by growth across its evergreen funds and easing redemption pressure in its credit and real estate vehicles.
The $100 million commitment made in 2022 is under review amid concerns over fund performance, manager concentration, and a limited LP base.
The pension worked with Hamilton Lane on the secondary acquisition of an interest in the approximately $31 billion open-end real estate fund.
Real estate investment firm Brixton Capital contributed the property through a tax-deferred 721 exchange in return for partnership units.
