PHILADELPHIA-The Pennsylvania State Employees' Retirement System (PA SERS) gave $15 million to BPG Properties latest fund, called BPG Investment Partnership IX, according to a report in Private Equity Real Estate. The deal takes place as PA SERS' $25.5 billion real estate portfolio is rebounding in value.

And as the economy is rebounding, so will commercial real estate investment in the coming year, says Dan DiLella, BPG's chief executive officer. His firm operates 24 million square feet of commerical real estate and 19,000 multifamily units.

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