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Private Equity:
What We Do
  The Real Estate Alternatives Portfolio (“REAP”) program is a family of closed-end, private equity-style funds focused on high-yield investing in real estate and natural resources. The funds are capitalized with equity of more than $2 billion, and since formation in early 2002 these funds have committed more than $1.5 billion of that equity to direct investments, joint ventures and private equity funds, generating an aggregate IRR well in excess of their low double-digit target.
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