Unless multiple mega-funds close during the second half year, the answer points to yes, according to PERE’s H1 2021 Fundraising Report.
The multifamily-focused vehicle, which had a $300m target, originates bridge loans, mezzanine debt and preferred equity on high-quality US properties.
The Houston-based firm has raised capital for its open-ended investment vehicle.
The first six months of the year represented the smallest H1 total since 2012, when $57.5bn was raised during the period.
The vehicle will follow the firm's fourth European value-add fund, which closed on its €2.1bn hard-cap earlier this month.
The Chicago-based firm closed on three funds totaling $3.2bn in three months, benefiting in part from the ‘favorable element’ of the 2021 vintage.
GLP Capital Partners IV has held a final close.
The Singapore-based global investment manager has raised more capital for the China Income Fund series just three months after the close on its previous vehicle.
The firm has invested $150m, which is higher than its previous GP co-invests, in Invesco Real Estate US Fund VI.
The Tampa-based investment firm held a final close on its real estate fund.