Lone Star Funds sewed up a number of sizeable mandates for its Lone Star Real Estate Fund III, with the South Dakota Retirement System, Virginia Retirement System and Texas County & District Retirement System among the pension funds that made commitments. The fund, which has a reported target size of $6.6 billion, will make debt and equity investments and is one of the largest to be raised to target distressed opportunities.

Also of note are a handful of commitments to European funds, including a $50 million mandate from the Sacramento County Employees’ Retirement System to the DRC Capital European Real Estate Debt Fund II.

For the full roundup, see below. October Pension Manager Search Roundup Potential Searches Fund Account Size Amount (in millions) Sub Asset Class Search Consultant Comments Orange County Employees Retirement System NA Debt R.V. Kuhns & Associates The investment committee has approved the candidate profile for a real estate debt commingled search that was presented by its....

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