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    • New York Life backs ex-Zell partner in emerging markets bet

    October 23, 2014 by Zachary Tracer

    (Bloomberg) — New York Life Insurance Co. is turning to billionaire Sam Zell’s former partner to make bets on emerging-market real estate.

    The insurer took a stake in Jaguar Growth Partners and plans to commit as much as $100 million to the first fund at the firm, which will invest in properties in developing markets, according to a statement today. Jaguar is led by Gary Garrabrant, a co-founder of Equity International with Zell.

    Click here to read…

    Originally Posted at LifeHealthPro on October 22, 2014 by Zachary Tracer.

    Categories: Industry Articles
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