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Laxman Pai, Opalesque Asia: Rockpoint Group, a Boston-based real estate private equity firm and registered investment adviser has completed a final closing of its latest opportunistic vehicle, Rockpoint Real Estate Fund VI, with $3.8 billion in equity commitments. The fund well exceeded its $3 billion fundraising target.
Besides, Rockpoint also recently completed a final close of its latest lower risk vehicle, Rockpoint Growth and Income Real Estate Fund III (RGI III), with $2 billion in commitments. Together, the two vehicles represent more than $5.8 billion in capital commitments.
The new fund is larger than the prior fund in the opportunistic fund series, Rockpoint Real Estate Fund V, which closed in 2016 at $3.3 billion.
Investors in the funds include a diverse group of public and corporate pension funds, sovereign wealth funds, endowments, foundations, and other sophisticated investors spanning the United States, Asia, Canada, Europe, Latin America, and the Middle East, according to Rockpoint.
Investors in Rockpoint Real Estate Fund VI include Florida State Board of Administration, Tallahassee; Texas Permanent School Fund, Austin; Indiana Public Retirement System, Indianapolis, Minnesota State Board of Investment, St. Paul; Employees' Retirement System of Texas, Austin; San Jose (Calif.) Police & Fire Department Retirement Plan; Louisiana Teachers' Retirement System, Baton Rouge; San Antonio Fire & Police Pension Fund; San Jose (Calif.) Federated ...................... To view our full article Click here
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