DECEMBER 9, 2013

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OPERF invests $100m in new Rockpoint fund

by Andrea Waitrovich

The $64.4 billion Oregon Public Employees Retirement Fund has committed $100 million to Rockpoint Group’s recently launched $1 billion fund, Rockpoint Core Plus Real Estate Fund. The fund has a lower-risk, longer-term strategy for U.S. real estate investments than other Rockpoint funds.

With a core-plus investment mandate, the fund’s investments will be focused on stabilized commercial real estate assets with strong existing cash flows and less capital-intensive business plans than typically found within Rockpoint’s opportunistic investment funds. The fund will primarily focus on equity investments in office and multifamily assets within the United States, although debt origination, preferred equity or debt acquisitions may be included, as well as, to a lesser extent, other stabilized institutional-quality assets.

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