Berkshire Residential Investments closes oversubscribed debt fund
Berkshire Residential Investments closes oversubscribed debt fund
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Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion, said spokesman John Dobroski in an email.
According to the news release, the fund supports the MF1 direct lending platform, a partnership between Berkshire and Limekiln Real Estate that provides financing for U.S. multifamily assets including mezzanine debt, preferred equity and senior mortgages.
The previous fund, Berkshire Bridge Loan Investors I, closed at $452 million in 2019.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe.
Berkshire Residential Investments raises $1.5bn for its debt fund Tuesday, May 04, 2021
Laxman Pai, Opalesque Asia:
Boston-based real estate investment management company Berkshire Residential Investments closed its real estate debt fund Berkshire Bridge Loan Investors II at $1.5 billion.
The fund exceeded its fundraising target of $1 billion and received commitments from nearly 60 institutional clients around the globe and includes both new and existing investors for the firm, said a press release from the vertically integrated residential real estate investment and property management company with over 50 years of experience.
Investors in the new fund include the $29.8 billion New Mexico State Investment Council, Santa Fe.
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New Mexico council earmarks $340 million for 4 alts funds
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New Mexico State Investment Council, Santa Fe, committed a total of $340 million to four alternative investment funds, said Charles Wollmann, spokesman for the $33 billion endowments, in an email.
The council at its Tuesday meeting committed $100 million each to Carlyle Realty Partners IX, an opportunistic real estate fund managed by
The Carlyle Group; PIMCO BRAVO IV, a special situations fund managed by
Pacific Investment Management Co.; and Strategic Value Special Situations Fund V, a distressed fund managed by
Strategic Value Partners.
The council also committed $40 million to ICONIQ Strategic Partners VI, a technology growth equity fund managed by
IPI Partners raises $3.8 billion with a second infrastructure fund Thursday, April 15, 2021
Laxman Pai, Opalesque Asia:
Global investment platform IPI Partners has wrapped up its second flagship private equity fund after securing $3.8 billion from investors, with plans to target data centers and other connectivity-related investments, the firm said.
A press release from the joint venture of ICONIQ Capital and Iron Point Partners pointed out that the fund acquires, develops, leases, and operates data centers.
With the closing of IPI II, IPI has raised more than $5.25 billion in total equity capital commitments since its inception, it said. IPI s second fund attracted demand well over its target, reflecting strong support from a global institutional investor base.