trending Market Intelligence /marketintelligence/en/news-insights/trending/rkS6nhlmdON4LVZObn4KQg2 content esgSubNav
In This List

Los Angeles pension fund commits $100M to Angelo Gordon Asia RE vehicle

Blog

Banking Essentials Newsletter: September Edition, Part - 2

Video

S&P Capital IQ Pro | Unrivaled Sector Coverage

Video

S&P Capital IQ Pro | Powering Your Edge

Podcast

Street Talk Episode 81: Amid strong recovery, Banc of California hearing more M&A chatter


Los Angeles pension fund commits $100M to Angelo Gordon Asia RE vehicle

The Los Angeles County Employees Retirement Association will invest $100 million in Angelo Gordon & Co. LP's AG Asia Realty Fund IV, IPE Real Assets reported, citing a spokesperson.

The value-add property fund will target the office, retail and residential markets in Japan, South Korea, Hong Kong and China and had its initial close in September 2018 at $110 million, the publication noted.

The pension fund also confirmed that it sold the 251-room St. Regis Princeville Resort and Makai Golf Course in Hawaii for $224.1 million, the publication reported, citing a meeting document. Starwood Capital Group announced the acquisition of the resort for an undisclosed amount in 2018.