The firm plans to introduce its first real estate debt offering after rebranding its property business this month.
The $828bn sovereign wealth fund had already been in the market before the outbreak of covid-19, which has only added further strain to the challenged sector.
First-time fund managers are set to have an even tougher time on the fundraising trail amid the pandemic, but there could be opportunities for those raising capital on a deal-by-deal basis.
The Boston-based firm launched Realty Associates Fund XII in June 2018, according to an SEC filing.
The New York-based firm has already invested a third of Madison International Real Estate Liquidity Fund VII’s capital since its launch.
The Luxembourg-based firm has closed its healthcare-focused fund.
The global real asset manager has reached final close on its value-add fund.
The Boston-based manager has closed its sixth real estate vehicle.
The Arkansas Teacher Retirement System cited the series's track record, averaging a net IRR of 8.5%, for its $50m commitment.
The Chinese real estate developer is understood to be in talks with three potential institutional investors ahead of a final close.