Pension fund WSIB commits $500m more to HK-based Crane Capital

Photo by Chapman Chow on Unsplash

US pension fund Washington State Investment Board (WSIB) has committed to invest $500 million in Crane Capital LLC, the Hong Kong-based real estate investment manager that WSIB helped create in 2019.

The proposed investment was a follow-on to the initial $250-million commitment that the pension fund made in February 2019, along with transferring $400 million of existing commitments from Evergreen Real Estate Partners.

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