Pension fund investors in Aetna Institutional Investors I L.P. are being targeted by a firm trying to buy limited partnership interests in the closed-end commingled real estate fund, which has about $100 million in assets.
The three largest investors in the fund are the Shell Oil Co. pension fund, Alaska Permanent Fund Corp. and Utah State Retirement System.
The bidder, Everest Properties, sent a letter with an offering price to each investor.
