Connecticut State Treasurer Shawn Wooden has announced plans to commit $50 million to Rubicon First Ascent, a value-add real estate fund managed by Rubicon Point Partners.
Rubicon Point is a boutique real estate investment company investing in office and mixed-use properties in the San Francisco Bay Area and Pacific Northwest.
In addition, Wooden is also considering an investment of up to $100 million in the Mesirow Financial Real Estate Value Fund IV, and an investment of up to $50 million in the Penzance DC Real Estate Fund II.
Mesirow Financial Real Estate Value Fund IV targets multifamily investment opportunities in the U.S. apartment sector, with an emphasis on providing market competitive products for middle and upper-middle income renters.
Penzance DC Real Estate Fund II targets assets located in the Washington, D.C. metro area that provide opportunities for capital appreciation by performing value-add, operationally intensive business plans.
