GCP also plans to launch a new digital infrastructure strategy targeting data centers for external investors later this year.
The London-based residential specialist previously raised a Germany-focused fund after the global financial crisis.
The New York-based firm has received backing from a sovereign wealth fund to establish a platform investing in middle market managers.
Co-CEOs Deborah Harmon and Alex Gilbert said more than half the capital for the fund came from new investors, including Asian and Middle Eastern sovereign wealth funds.
After a fast start, fundraising in 2022 dipped in mid-year before rallying.
A record year is just part of the story as the sector undergoes significant changes.
The country’s recent political chaos and economic woes have undermined investor sentiment. But UK roundtable participants argue there will be opportunities for the taking as the real estate market recovers.
The UK-focused manager credits the 'positive social impact’ of its funds and its B Corp status for its largest fundraise yet.
The group continues to commit around ¥5bn across 15-20 new logistics development projects annually.
The Dallas-based manager has formed a JV with a global sovereign wealth fund to acquire around $750m in additional assets.