PSERS OPPORTUNISTIC REAL ESTATE PROGRAM ...
PSERS OPPORTUNISTIC REAL ESTATE PROGRAM ...
PSERS OPPORTUNISTIC REAL ESTATE PROGRAM ...
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CONCLUSION/RECOMMENDATION<br />
Based upon the successful track record and experience of the principals and the<br />
recommendation of <strong>PSERS</strong>' consultant, Courtland Partners, Ltd., staff recommends that<br />
the Board invest an amount equal to 25 percent of the committed capital, but not to<br />
exceed €100 million plus reasonable normal investment expenses, in Apollo Europe Real<br />
Estate Fund III, L.P. The final terms and conditions of the investment must be satisfactory<br />
to the Investment Office, the Office of Chief Counsel, and the Executive Director.<br />
<strong>PSERS</strong> Private Investments<br />
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