Sculptor Real Estate raises USD2.6bn for fourth opportunistic real estate fund
Sculptor Capital Management has held a final close of its fourth opportunistic real estate fund, Sculptor Real Estate Fund IV (SRE IV), with total capital commitments of USD2.6 billion.
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 USD1.5 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.
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. The team looks forward to continuing its patient and disciplined investment style across a broad spectrum of real estate in this dynamic and unique investment environment.”