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Hawaii allocates $50m to CBRE fund
Investors - AUGUST 22, 2017

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Hawaii allocates $50m to CBRE fund

by Jody Barhanovich

The $15.4 billion Employees’ Retirement System of Hawaii has committed $50 million to CBRE Strategic Partners U.S. Value 8, according to Vijoy Chattergy, chief investment officer.

CBRE Strategic Partners U.S. Value 8, which launched in February 2016, is a value-added real estate fund managed by CBRE Global Investors. The fund will focus on investments in major and secondary U.S. markets, focusing on class A office, industrial, retail and multifamily properties. The fund has raised more than $663 million in equity commitments to date but is not expected to have a final close until mid-2017.

In addition, the fund has previously received commitments from the $6.7 billion San Diego City Employees’ Retirement System, the $14.9 billion Arkansas Teacher Retirement System and the $139.7 billion

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