Trustees approve $15M Tembo commitment; replace REIT manager in liquidity pool
The board approved a $15 million commitment to Tembo Capital Mining Fund IV with up to $5 million in co-invest capacity and voted to terminate the Seaport Global Property Securities mandate in the Liquidity and Capital Reserve Pool and move those assets to Duff & Phelps' global REIT strategy.
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The Board of Trustees'capital committee on Sept. 11 approved two investment resolutions based on recommendations from the Fund Evaluation Group.
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