The Chicago-based firm raises more than double the amount of its predecessor fund as the signature series returns to prominence.
Aermont has raised €3.8bn.
The Dallas-based manager has raised $400m for its first fund and, having completely deployed the vehicle, plans to go back to fundraising later this year.
The Los Angeles-based manager has far exceeded its 8-12% performance targets in early exits for the vehicle, which was launched last year.
Fundraising is slowing elsewhere, but the APAC region is setting a new record. We dig into the numbers.
A recent ANREV survey shows a 91% over the $151bn of capital raised in the preceding year, says CEO Charles Hasse.
The opportunistic vehicle from Seven Seas Advisors is understood to have gathered capital from nine overseas investors, including Partners Group.
The firm is expected to have deployed $400m, or 80% of the capital raised in the fund's first close, across three deals by October.
The Dallas-based real estate manager is seeing up to 20% discounts on multifamily assets because of market repricing from higher interest rates.
On performance alone, real estate offers institutions more reasons for optimism than concern during volatile times.