
University of Pennsylvania Endowment Returns 7.1%
Assets of the fund increased to $22.3 billion as of June 30.
The deal marks the first Australian investment by U.S.-based real estate manager Hines.
GPIF’s domestic and foreign equity investments earned more than 40% each for the fiscal year that ended March 31.
The China Investment Corp., which has nearly half of its foreign holdings in alternative assets, aims to capitalize on the ‘global green transformation.’