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Los AngelesGPI Cos. has secured a $300 million equity commitment from one of the largest state pension systems in the country. GPI made the announcement but did not disclose the name of the source.

This new equity commitment represents an expansion of GPI’s relationship with the state pension system, which has invested a total of $500 million in equity with GPI.

Kelsi Maree Borland

Kelsi Borland is a freelance writer and editor living whose work has appeared in such publications as Travel + Leisure, Angeleno and Riviera Orange County.

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