New Jersey Division of Investment to back Aermont Capital Real Estate Fund IV. :
The Lubert-Adler Real Estate Fund VI-B was set up in 2010 to enable it to raise further capital for Real Estate Fund VI. Now the fund manager is helping limited partners exit ahead of termination date of 18 December, according to one of its investors. New Jersey Division of Investment, which committed $100m (€86.7m) to the vehicle, said Lubert-Adler had engaged Evercore as an agent to identify a buyer through an auction process.