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Buchanan Street Partners’ sale late last month to Los Angeles-based TCW Group Inc. stands to bring the Newport Beach-based company into the billion-dollar club of real estate investing.
The company expects its next investment fund to come in at about $1 billion,double its largest one now,thanks to the added drawing power of TCW, an investment manager that counts $160 billion in assets under management.
TCW, part of France’s Soci
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