Investors - JUNE 4, 2013

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Kentucky commits to two real estate funds

by Sara Kassabian

The $11.4 billion Kentucky Retirement Systems (KRS) has committed $67 million to two real estate funds.

KRS invested $37 million H/2 Core Real Estate Debt Fund, a closed-end lending fund managed by H/2 Capital Partners. This is the pension fund’s second commitment to the firm. KRS had previously committed capital to H/2 Credit Partners.

TJ Carlson, KRS’ CIO, said it is a repeat investor with H/2 Capital Partners because KRS likes H/2 Capital’s strategy of purchasing and originating real estate loans for the portfolio. Investing in the core real estate debt funds presents the opportunity for KRS to increase its exposure to H/2 Capital but at a lower risk level.

KRS also made a first-time investment in Rubenstein Partners' value

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