Investors - FEBRUARY 4, 2014

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NJDI makes $140m follow-on commitment

by Andrea Waitrovich

The 76.67 billion New Jersey Division Investment has made a follow-on commitment to Wheelock Street Capital’s real estate series during its Feb. 3 meeting, confirms William Quinn, communications spokesman for NJDI.

NJDI approved a $140 million commitment to opportunistic fund Wheelock Real Estate Investment Fund II. As of October 2013, Wheelock Street had raised $200.5 million. According to documents provided during the Feb. 3 meeting, Wheelock Street is seeking to raise $625 million. A final close was not disclosed.

Wheelock Street will invest in a broad range of real estate assets throughout the United States. The fund may invest directly or with high-quality joint venture partners through a v

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