Rewind 36 months: Would you have invested in this fund?
---- Fund overview ----
Sponsored by TPG, one of the largest PE firms with decades of experience managing real estate investments.
The third core plus fund in a series.
Focused on life science and industrial property types.
---- Historical return profile ----
The prior two funds generated 20%+ returns and 1.2-1.6x multiples.
---- Special incentives ----
You'd get discounted fees and a board seat for being a 10% investor. You could also convert your interests into an open-end structure at some point in the future.
---- Your takeaways? ----
What do you think this fund's returns have been to date?
We'll share updated return information in the comments.
Background on this document: Hamilton Lane advised the State of New Jersey on this potential investment. Read the document that is the summary of Hamilton Lane's recommendation here.
COMMENTS