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Rockwood aims to raise $1.25B for closed-end property fund
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Real estate investment manager Rockwood Capital LLC is looking to secure $1.25 billion for Rockwood XI LP.
The Nebraska Investment Council is planning to commit $40 million to the closed-end fund.
Fund XI, which is seeking a net internal rate of return of 12% to 14%, will be invested in properties with existing cash flow and those with income growth potential, according to materials for a meeting to be held March 14.