The Wisconsin State Investment Board has extended commitments to two commingled funds, IPE reports. It has allocated around $10 million to the Fortress Investment Fund III and $30 million to Centerline High Yield CMBS Fund III Bridge Loan.
Fortress Group and Centerline Capital are raising additional equity for their commingled funds to cover some existing debt issues. Wisconsin committed $100 million to Fortress Fund III in 2004 and $50 million to Centerline’s US CMBS Fund III in 2007.
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