MassPRIM invests $100m in BGO U.S. Value-Add Lending Fund II

6/12/2025

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IREI

• Subcategory: Capital Markets: Debt

• Tag: Investment | New Fund

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

• Company: BentallGreenOak (BGO), Massachusetts Pension Reserves Investment Management Board (Mass PRIM)

The Massachusetts Pension Reserves Investment Management Board (MassPRIM) has committed $100 million to BGO U.S. Value-Add Lending Fund II as a follow-on investment, according to meeting materials.

BGO U.S. Value-Add Lending Fund II, a vehicle of BGO, is a closed-end, value-added fund that invests in real estate debt in the United States. A fundraising goal has not been determined. Its predecessor, BGO U.S. VA Lending Fund I, raised $361 million in equity.