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.
The UK manager has closed its fifth value-add diversified fund and is seeking further capital for sector-specific side vehicles.
Local government pension schemes committed an aggregate £275m across two affordable housing funds last week.
The New York-based housing specialist’s fund was backed mostly by US investors, including the Virginia Retirement System.
Before launching a dedicated fund, the firm has deployed over A$5bn in Australia across real estate debt and equity since 2011.
The Miami-based firm is expected to complete a rolling first close for the opportunistic vehicle later this year.
In its first investment for the fund, the manager has acquired a 40% stake in a Swedish student accommodation portfolio.