First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.
The Boston-based firm launched Realty Associates Fund XII in June 2018, according to an SEC filing.
The New York-based firm has already invested a third of Madison International Real Estate Liquidity Fund VII’s capital since its launch.
The Arkansas Teacher Retirement System cited the series's track record, averaging a net IRR of 8.5%, for its $50m commitment.
The Chinese real estate developer is understood to be in talks with three potential institutional investors ahead of a final close.
The London-based firm gave a 50% management fee discount to first close investors committing $100 million or more to the vehicle.
The Chicago-based manager’s latest real estate debt fund carries the same strategy as its predecessor, but the lower return targets are a function of the late cycle, PERE has learned from a source.
With the multifamily sector still in its infancy in Australia, the Melbourne based manager is seeking A$1bn to lend to first mover developers.
Firms are opting for creative ways to finance their co-commitments to their private real estate funds and other investment structures.
Redcar Fund I, an opportunistic vehicle focused on LA creative office, was oversubscribed by $62m.