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Laxman Pai, Opalesque Asia: Sculptor Capital Management closed its fourth opportunistic real estate fund, Sculptor Real Estate Fund IV (SRE IV), with $2.6 billion in commitments.
Through SRE IV, its largest-ever real estate fund, Sculptor will invest in real estate and real estate-related assets across North America and Europe.
SRE IV will employ the same strategy of its predecessor funds, including, most recently Sculptor Real Estate Fund III, LP which had total capital commitments of $1.5 billion.
SRE IV includes a diverse group of more than 100 limited partners committed to the fund, including public and private pension plans, financial institutions, sovereign wealth funds, endowments and foundations, and family offices.
Investors in the fund include Oregon Investment Council, Tigard, which runs the Oregon Public Employees Retirement Fund; Texas County & District Retirement System, Austin; and Seattle City Employees' Retirement System.
Steve Orbuch, Founder and President of Sculptor Real Estate, says: "It has been rewarding to see the abundance of client interest in Sculptor Real Estate Fund IV. We believe this is a testament to our strong investment team, platform, and focus on traditional and non-traditional real estate, as well as our strong and consistent historical performance."
Steve added: "The team looks forward to continuing its patient and disciplined investment style across a broad spectrum of real estate in this dynamic and un...................... To view our full article Click here
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