CalEast, an investment partnership between the $159 billion California...

CalEast, an investment partnership between the $159 billion California Public Employees’ Retirement System, Sacramento, and Jones Lang LaSalle, formed CenterPointVenture to establish a $200 million fund. The new fund has been capitalized with equity commitments of $60 million from CalEast and $20 million from CenterPoint and is being supported by a $120 million credit facility led by Bank One. Lehman Brothers acted as placement agent.