Meritz Alternative Investment Management approves $150m commitment

The South Korean investment firm has backed a North American private real estate fund.

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Institution: Meritz Alternative Investment Management
Headquarters: Seoul, South Korea
AUM: 2.3 trillion Korean won

Meritz Alternative Investment Management has agreed to commit $150 million to Fairfield US Multifamily Core Plus Fund II. The fund is managed by Fairfield Residential.

The South Korean investment firm’s commitment is to a vehicle focused on the multi-family and residential sectors in North America.

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