To read this full article you need to be subscribed to Newsline.
Sign in Sign up for a FREE subscriptionWest Virginia pension fund approves $30m capital commitment
The West Virginia Investment Management Board (WVIMB) has approved a $30 million commitment to Rubenstein Properties Fund IV, managed by Rubenstein Partners.
In March, the fund also received a $30 million investment from the Maine Public Employees Retirement System.
WVIMB has also committed capital to the previous funds in the series, Rubenstein Properties Fund II and Rubenstein Properties Fund III. The third fund in the series raised $565 million and held a final close in January 2017.
Like its earlier iteration, the latest Rubenstein fund invests in value-add central business district offices and suburban offices across the United States.
