Investors - APRIL 7, 2014

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Ohio commits $50m to Rockbridge

by Reg Clodfelter

The $24.6 billion Ohio Bureau of Workers’ Compensation has committed $50 million to Rockbridge Hospitality Fund VI, a value-added fund managed by Rockbridge Capital that invests in both debt and equity in the U.S. hotel sector.

“The sector has very positive economic fundamentals,” says Bruce Dunn, chief investment officer with OhioBWC, when asked what attracted the retirement system to hotel investments. “That, combined with the very low exposure BWC presently has in this sector through its existing core real estate investments, provides added diversification of our growing commingled fund real estate portfolio.”

Rockbridge launched Fund VI in January 2013 with a $350 million fundraising goal and a target close date of May 31, 2014. The fund will invest approximately 75 percent of its capital in equity-related ho

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy