Anna-Marie Beal
The firm, a unit of Neuberger Berman, has acquired a minority ownership interest in the Austin-based alternative real estate manager.
The close comes at a time of record growth and investment activity for HVPG.
The Charlotte, North Carolina-based firm’s vehicle is one of nine inaugural offerings that raised a total of $1.82bn this year.
Eli Neusner joined the firm last month to lead fundraising efforts and head up US investor relations.
The firm hired Perry Boyle to boost fundraising as it launches a $100m fund.
The new open-ended fund marks the first time Florida-based Participant is targeting European investors with a capital raise.