Oregon Investment Council has invested $100 million each in the Brazil Real Estate Opportunities Fund II and business development company, TPG Specialty Lending, Pensions & Investments reports. The Brazil fund, managed by Vision Brazil Investments, is seeking to raise $500 million.
The fund will invest in office, industrial and retail along with development projects in Brazil. TPG Specialty, lender to middle-market companies, is targeting to raise $0.8-1 billion and may have a first close with $300 million in April 2011.
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