Investors - FEBRUARY 20, 2013

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

Sign in Start Your Free Trial Now View Purchase Options

VRS invests $50 million in Japan-focused fund

by Andrea Waitrovich

The $55.5 billion Virginia Retirement System (VRS) has approved a $50 million commitment to Fortress Japan Opportunity Fund II (FJOF II), a $1.65 billion distress-focused fund managed by Fortress Group. The commitment was made before the value-added/opportunistic fund’s final close in December 2012.

FJOF II focuses on real estate–related debt and other assets in Japan, seeking to capitalize on the dynamics related to deleveraging by financial institutions and near-term debt maturities. When the final close was announced, the fund had already made 10 investments with approximately ¥30 billion ($320 million) of net invested capital. It is expected to be fully i

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