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The Canada Pension Plan Investment Board has committed to invest up to $500 million in Hines-Rialto Credit Partners, a fund that pursues debt investments against class-A and trophy office properties in the U.S.

The fund, launched last September by Hines of Houston and Rialto Capital Advisors of Miami, had raised $424.2 million as of last November. So, the CPPIB commitment brings its capital raise to $924.5 million. It has a $2.5 billion capital-raising target.