CTPF Investment Committee recommends preliminary evaluation for Board Consideration
The Investment Committee (IC) received a presentation from Sterling Bay and Manulife Investment Management on May 23. After careful consideration and discussion, the Committee recommended that the Board authorize an investigation into a potential investment in the Lincoln Yards development.
This decision represents an initial step in exploring the opportunity and conducting due diligence. No investment has been authorized at this stage. As fiduciaries, we believe in thoroughly evaluating all potential investment opportunities to ensure they align with our strategic goals and principles. To do that, we maintain a rigorous process that ultimately allows the Board to make the best decision for the Fund.