Simpson Housing Limited Partnership LLLP, Denver, and Alaska Permanent Fund Corp., Juneau, Alaska, have announced an agreement under which APFC would acquire a co-controlling stake in Simpson, a large private multifamily development and operating company.The transaction would value Simpson in excess of $2 billion, the companies said. APFC would acquire the co-controlling stake in Simpson from the State of Michigan Retirement System. Deutsche Bank Securities acted as sole financial adviser to Simpson and SMRS, while CS Capital Management advised APFC.

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