Harrison Street raises USD1.15bn for sixth opportunistic fund

Harrison Street Real Estate Capital  has closed its sixth US opportunistic real estate fund, Harrison Street Real Estate Partners VI (Fund VI) at USD950 million in equity commitments, in excess of Fund VI’s target of USD850 million.

Harrison Street also raised USD205 million of additional equity capital in co-investment vehicles.
 
Fund VI’s strategy is consistent with Harrison Street’s opportunistic fund series to provide innovative and flexible capital in the needs-based real estate market. Fund VI received strong backing from existing Harrison Street investors, representing approximately 70 per cent of total committed capital, and welcomed a number of new investors from across the globe. In total, Harrison Street received commitments to Fund VI from more than 65 institutional investors.
 
Christopher Merrill, Co-Founder, President and CEO of Harrison Street, says: “We are pleased with the support Harrison Street Real Estate Partners VI has received from a high-quality base of both new and existing investors. As capital needs intensify at the top public universities and health systems – groups in need of flexible and innovative capital solutions – we are well positioned to leverage our long-standing relationships to solidify our role as the partner of choice for these institutions.
 
“Our differentiated, disciplined and rigorous investment approach, and deep focus on resilient sectors driven by favourable demographic trends, has generated exceptional risk-adjusted performance across cycles for our investors. Moreover, our team, comprised of experienced investment professionals and operating partners who are also industry experts in our core sectors, provide unparalleled knowledge and insights that uncover unique investment opportunities.”