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Connecticut’s Investment Advisory Council (IAC) has committed $150 million to real estate as part of its January investment commitments. This information was confirmed by a press release on Jan. 23.

Connecticut’s IAC committed up to $150 million to Mesirow Financial Real Estate Value Fund V. This fund is a value-added, closed-end fund that is focused on the multifamily and student housing sectors in the United States. It has a fundraising goal of $1.2 billion.