Broadmark Realty Capital has launched Broadmark Private REIT, which will offer qualified purchasers the ability to participate in high-yield loans originated by Broadmark Realty Capital, through a private, non-traded fund structure replicating the structure of the previous Broadmark Real Estate Lending Companies.
Launches & Fundraising
TA Realty has held the final close of Realty Associates Fund XII, which has total equity commitments of approximately USD1.2 billion.
Alltmore Commercial Property Fund offers access to investment in secondary office pavilions and business parks
The Alltmore Commercial Property Fund launches this week, offering institutional investors as well as high net worth and sophisticated individual investors, an opportunity to invest in high quality secondary office pavilions and business parks around Scotland, expanding UK-wide from next year.
Real estate private equity firm Madison International Realty has held the final closing of Madison International Real Estate Liquidity Fund VII, its latest commingled investment vehicle, with USD1.2 billion of equity commitments, including side cars, co-investment vehicles and general partner commitments.
Cresset and Diversified Real Estate Capital have held the close of their first Qualified Opportunity Zone (QOZ) fund, the Cresset-Diversified QOZ Fund (Fund I), after raising the USD465 million in capital needed for the portfolio and the seven underlying projects.
Creator Fund, a student-led venture capital fund, has launched with a focus on unearthing startup innovation within European universities, starting with the UK.
Knight Frank Investment Management’s Long Income Property Unit Trust (KFIM LIPUT) has successfully concluded a further close, raising circa GBP150 million of new equity in addition to the cGBP840 million raised since the Fund’s launch in February 2016.
Pictet Alternative Advisors SA (PAA), the Pictet Group’s wholly-owned alternative investment firm, has closed its first direct real estate fund, Elevation I, at its hard cap of EUR700 million.
New York Life Investments partners with CBRE to add global infrastructure and real estate strategies to fund family
New York Life Investments is bringing additional alternative investment funds into its MainStay Fund lineup through a strategic partnership with CBRE Global Investors.
DN Capital, a real estate investor and operator founded by David Nourani, is collaborating with Alpamint Capital to launch its second London property fund, DN Capital Fund II.