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Pennsylvania State Employees has committed $25 million each to Rockpoint Group and Westbrook Group, the successors to opportunity fund sponsor Westbrook Partners
Real Estate Alert, April 28, 2004
Pennsylvania State Employees has committed $25 million each to Rockpoint Group and Westbrook Group, the successors to opportunity fund sponsor Westbrook Partners. The $24.6 billion pension plan made the decision last week to invest in Rockpoint Real Estate Fund I and Westbrook Real Estate Partners.
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Townsend Group acts as consultant to the pension plan, which has more than $2.2 billion, or 9.1% of its capital, invested in real estate.
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