Tishman Speyer has secured $100 million in equity commitments for The Tishman Speyer Proptech Venture Fund. The firm expects to raise a total of $150 million for the fund, which will invest in real estate technology opportunities. National Pension Service of Korea and Investment Management Corporation of Ontario led the capital raise.

The fund will target emerging and early-stage start-up ventures that seek to solve pain points in the real estate experience and that can utilize Tishman's portfolio, experience with technology and its extensive network. Through the fund, Tishman will aim to usher in the "next generation of innovators," according to Tishman Speyer CEO Rob Speyer.

Tishman Speyer has a long history investing in emerging technology companies. Its past investments include OpenSpace, VTS, Agora, Monograph and Blank Street, and in recent years, the firm has sought to increase its exposure to the proptech industry. In the last five years, proptech companies raised more than $110 billion in venture capital, illustrating deep opportunity in the space.