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FUNDRAISING NEWS | October 31, 2024
The City of Fresno Retirement Systems (CFRS) approved a $9M co-investment commitment to Blue Vista Real Estate Partners, according to meeting materials from its October 9 board meeting.
By approving the co-investment opportunity, the board has increased exposure to an asset it believes will generate strong returns as a direct result of minimal competition, both locally and regionally. The co-investment closed on September 11, with an investment period of approximately three years.
CFRS has an existing investment relationship with the manager, domestic non-core real estate firm Blue Vista Capital Partners.
According to Dakota data, CFRS has $4.1B in managed assets.
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Written By: Dakota
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