SBCERA expects to put $140m into real estate opportunities next year. : San Bernardino County Employees’ Retirement Association (SBCERA) expects to put $140m (€122.5m) into real estate opportunities next year, part of which will go into PGIM Real Estate’s latest European debt vehicle. The $10.38bn pension fund said in a meeting document that it could invest some capital into Pramerica Real Estate Capital VII (PRECap VII). According to SBCERA, PGIM is planning to start marketing for PRECap VII in 2019. The manager’s capital raising target is currently unknown. SBCERA backed PRECap VI with a $25m commitment in 2016.