Real Estate Weekly
Image default
Debt & Equity

Rockpoint Group closes fund above target at $3.3B

Rockpoint Group, LLC, a global real estate investment management firm, announced the final close of Rockpoint Real Estate Fund V at $3.3 billion in total capital commitments, exceeding its $2.5 billion fund target.

Photo by 401(k) 2012/ Flickr
Photo by 401(k) 2012/ Flickr

Investors in Rockpoint V, the firm’s most recent opportunistic real estate fund, include prominent public and corporate pension funds, endowments, foundations, sovereign wealth funds, and other governmental entities from the United States, Asia, Canada, Europe and the Middle East.

Rockpoint Real Estate Fund IV closed in 2013 with over $2.3 billion of commitments and is fully invested.

The firm’s lower-risk investment vehicle, Rockpoint Growth and Income Fund I, closed with over $1 billion of aggregate commitments in 2015 and is now over 85 percent committed.

(Visited 1 times, 1 visits today)

Related posts

Taconic Capital Advisors Closes $500M Distressed and Opportunistic Real Estate Fund

REW

New York Outer Boroughs industrial portfolio refinanced with $60.8M loan

REW

JLL arranges $230M refinancing for new Lionsgate Studios in Yonkers

REW