The Dallas-based private equity real estate firm cites investor liquidity issues and a keenness to get deploying for the $2.7bn final closing for LSREF VII, less than half its initially reported $6bn target.
The Los Angeles-based firm is expected to hold a final close for the opportunistic fund in H1 2025.
The oversubscription of the Atlanta-based manager’s sixth fund exemplifies how the asset class continues to attract investors despite headwinds
The Atlanta-based firm's Cortland Enhanced Value Fund VI is more than double the size of its predecessor.
The London firm now counts a sovereign fund among investors in the series, for which it also uses social media marketing to raise capital.
Commitments of $1bn to the asset management behemoth’s real estate strategies in Q2 trail its smaller peers.
Commitments to the firm's latest opportunistic strategy are ‘materially higher’ than the figure revealed in its earnings statement, says CEO Harvey Schwartz.
The Los Angeles-based manager also expects to hold two real estate fund closes over the next two months.
With only $59bn raised in the first half of the year, 2024 is on track to be the worst fundraising year since 2012.
The London-based firm is expanding in North America with an opportunity fund backed by the Arizona Public Safety Personnel Retirement System.