North Dakota Retirement commits $85m to PRISA III, a PGIM fund

1/24/2025

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IREI

• Subcategory: Capital Markets: Fund

• Tag: Investment | New Fund

• Additional Filters-Subcategory: Capital Markets: Fund-Value Added

• Company: PGIM Real Estate (Prudential), North Dakota Retirement and Investment Office

The North Dakota Retirement and Investment Office has committed $85 million to PRISA III, a program of PGIM Real Estate. This commitment was made in late December 2024, according to meeting materials. PRISA III is a value-added, open-end fund that invests in diversified properties in the United States. It has a fundraising goal of $5 billion.