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Asana secures $100M for retail-only property fund

Asana Partners LP's retail-only real estate fund, which aims to raise $800 million, received $100 million of commitments from two U.S. pension funds, IPE Real Assets reported.

The Tennessee Consolidated Retirement System committed $65 million to the fund and the Los Angeles City Employees' Retirement System committed $35 million, according to the publication.

The fund will invest in and improve mispriced, urban-infill retail properties.